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Question 1 9.5 pts A company has sales of $800,000, cost of goods sold of $500,000, selling expenses of $90,000, depreciation expense of $50,000, interest
Question 1 9.5 pts A company has sales of $800,000, cost of goods sold of $500,000, selling expenses of $90,000, depreciation expense of $50,000, interest expense of $25,000, and a tax rate of 21 percent. The firm paid $65,000 in cash dividends. What is the addition to retained earnings? $41,650 $33,460 $65,200 $106,650 $71,680
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