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Tata Co. had sales of $4,372,000, costs of $2,846,000, depreciation expense of $337,000, interest expense of $265,000, and a tax rate of 21 percent. The
Tata Co. had sales of $4,372,000, costs of $2,846,000, depreciation expense of $337,000, interest expense of $265,000, and a tax rate of 21 percent. The firm added $450,000 retained earnings. What was the amount of dividend paid to the shareholders? Select one: O a. $295,240 O b. $279,960 O c. $321,680 O d. $221.680 O e. $124.450
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