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Saratoga Apparel has the following information for their most recent year end. Also, Saratoga has a tax rate of 30% and pays out 60% of
Saratoga Apparel has the following information for their most recent year end. Also, Saratoga has a tax rate of 30% and pays out 60% of their net income as dividends. Prepare an income statement and determine Saratoga's Addition to Retained Earnings? What is the Additions to Retained Earnings? Answers should not include commas (for example, if the answer is 11, 275, it should be entered 11275)
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