Pharrell, Inc., has sales of $603,000, costs of $255,000, depreciation expense of $62,000, interest expense of...
Pharrell, Inc., has sales of $603,000, costs of $255,000, depreciation expense of $62,000, interest expense of $29,000, and a tax rate of 30 percent. The firm paid out $45,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Addition to retained earnings
Homework Answers
| Sales | 603000 |
| Less:costs | (255000) |
| Less:depreciation | (62000) |
| EBIT | $286000 |
| Less:interest | (29000) |
| EBT | $257000 |
| Less:tax@30%($257000*0.3) | ($77100) |
| Net income | $179900 |
| Less:cash dividends | (45000) |
| Addition to retained earnings | $134,900. |
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Pharrell, Inc., has sales of $603,000, costs of $255,000,
depreciation expense of $62,000, interest expense of...
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Pharrell,Inc, has sales of $604,000, costs of $254,000, depreciation expense of $61 1,500, interest expense of $28,500, and a tax rate of 35 percent. The firm paid out $45,500 in cash dividends What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest Additon to retained eamings
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