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You have been given the following information for Patty Cake's Ath a . Net sales = $ 3 9 , 1 5 0 , 0
You have been given the following information for Patty Cake's Ath
a Net sales $
b Cost of goods sold $
c Other operating expenses $
d Addition to retained earnings $
e Dividends paid to preferred and common stockholders $
i Interest expense $
g The firm's tax rate is percent.
Nextyear.
h Net sales are expected to increase by $ million.
i Cost of goods sold is expected to be percent of net sales.
Jepreciation and other operating expenses are expected to be the same as in the last year.
k Interest expense is expected to be $
The tax rate is expected to be percent of EBT.
m Dividends paid to preferred and common stockholders will not change.
Calcullate the addition to retained earninns exnected next vear
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