Hathim Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000
Posted: Fri Mar 04, 2022 9:37 am
Hathim Industries has sales of $546,000, costs of $295,000,
depreciation expense of $37,000, interest expense of $15,000, and a
tax rate of 32 percent. The firm paid $59,000 in cash dividends.
What is the addition to retained earnings?
a. $95,200
b. $81,700
c. $103,460
d. $121,680
e. $76,320
depreciation expense of $37,000, interest expense of $15,000, and a
tax rate of 32 percent. The firm paid $59,000 in cash dividends.
What is the addition to retained earnings?
a. $95,200
b. $81,700
c. $103,460
d. $121,680
e. $76,320