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Tata Co. had sales of $8,376,000, costs of $5,242,000, depreciation expense of $837,000, interest expense of $565,000, and a tax rate of 22 percent. The
Tata Co. had sales of $8,376,000, costs of $5,242,000, depreciation expense of $837,000, interest expense of $565,000, and a tax rate of 22 percent. The firm added $450,000 retained earnings. What was the amount of dividend paid to the shareholders? Select one: a. $721,680 b. $900,960 C. $1,103,460 d. $821,780 e. $695,245
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