Question
Shelton, Inc., has sales of $397,000, costs of $185,000, depreciation expense of $50,000, interest expense of $31,000, and a tax rate of 35 percent.(Do not
| Shelton, Inc., has sales of $397,000, costs of $185,000, depreciation expense of $50,000, interest expense of $31,000, and a tax rate of 35 percent.(Do not round intermediate calculations.) |
| What is the net income for the firm? |
| Net income | $ |
| Suppose the company paid out $40,000 in cash dividends. What is the addition to retained earnings? |
| Addition to retained earnings | $
|
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
