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Urgo, Inc. incurred depreciation expenses of $61,000 last year. The sales were $363,000 and the addition to retained earnings was $45,000. The firm paid interest
Urgo, Inc. incurred depreciation expenses of $61,000 last year. The sales were $363,000 and the addition to retained earnings was $45,000. The firm paid interest of $13,000, brought new equipment worth $135,000 and paid dividends of $18,000. The tax rate was 33.7 percent. What was the amount of the costs incurred by the firm for the ;ast year?
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