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Sidewinder, Inc., has sales of $682,000, costs of $340,000, depreciation expense of $85,000, interest expense of $50,000, and a tax rate of 22 percent. The
Sidewinder, Inc., has sales of $682,000, costs of $340,000, depreciation expense of $85,000, interest expense of $50,000, and a tax rate of 22 percent. The firm paid out $80,000 in cash dividends.
What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
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