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Shelton, Inc., has sales of $400,000, costs of $188,000, depreciation expense of $53,000, interest expense of $34,000, and a tax rate of 35 percent. (Do
Shelton, Inc., has sales of $400,000, costs of $188,000, depreciation expense of $53,000, interest expense of $34,000, 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 $43,000 in cash dividends. What is the addition to retained earnings? |
| Addition to retained earnings | $ |
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Shipping Finance A Practical Handbook
Authors: Stephenson Harwood
4th Edition
1787421406, 978-1787421400
