Question
Pharrell, Inc., has sales of $588,000, costs of $270,000, depreciation expense of $69,500, interest expense of $36,500, and a tax rate of 40 percent. The
Pharrell, Inc., has sales of $588,000, costs of $270,000, depreciation expense of $69,500, interest expense of $36,500, and a tax rate of 40 percent. The firm paid out $37,500 in cash dividends.
What is the addition to retained earnings?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
