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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 not
| 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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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
