QUESTION 10 A company has sales of $898,000, a tax rate of 25 percent, a dividend payout ratio of 35 percent, and a profit margin of 10 percent. What is the addition to retained earnings? O $60,450 O $58,370 O $56,290 $54,210 $52,130 QUESTION 11 An enterprise had beginning net fixed assets of $415,500 and ending net fixed assets of $502,000. Assets valued at $76,000 were sold during the year. Depreciation was $31,000. What is the amount of net capital spending? O $117,500 O $119,000 O $120,500 O $122,000 $123,500