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You have been given the following information for PattyCake's Athletic Wear Corporation for the year: a . Net sales = $ 3 8 , 6
You have been given the following information for PattyCake's Athletic Wear Corporation for the year: 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 $ f Interest expense $ g The firm's tax rate is percent. Next year: h Net sales are expected to increase by $ million. i Cost of goods sold is expected to be percent of net sales. j Depreciation and other operating expenses are expected to be the same as in the last year. k Interest expense is expected to be $ I. The tax rate is expected to be percent of EBT. Dividends paid to preferred and common stockholders will not change. Calculate the addition to retained earnings expected next year. Note: Enter your answers in millions of dollars. ie Enter as Addition to retained earnings
You have been given the following information for PattyCake's Athletic Wear Corporation for the year:
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 $
f Interest expense $
g The firm's tax rate is percent.
Next year:
h Net sales are expected to increase by $ million.
i Cost of goods sold is expected to be percent of net sales.
j Depreciation and other operating expenses are expected to be the same as in the last year.
k Interest expense is expected to be $
I. The tax rate is expected to be percent of EBT.
Dividends paid to preferred and common stockholders will not change.
Calculate the addition to retained earnings expected next year.
Note: Enter your answers in millions of dollars. ie Enter as
Addition to retained earnings
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