Billy’s Exterminators, Inc., has sales of $658,000, costs of $310,000, depreciation expense of $62,000, interest expense of $41,000, a tax rate of 35 percent, and paid out $76,000 in cash dividends.

a. What is the addition to retained earnings?

Question

04-06-2024
Business

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Billy’s Exterminators, Inc., has sales of $658,000, costs of $310,000, depreciation expense of $62,000, interest expense of $41,000, a tax rate of 35 percent, and paid out $76,000 in cash dividends.

a. What is the addition to retained earnings?

Sagot :

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