Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest expense of $51,500, a tax rate of 25 percent, and paid out $41,500 in cash dividends. What is the addition to retained earnings?

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27-06-2024
Business

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Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest expense of $51,500, a tax rate of 25 percent, and paid out $41,500 in cash dividends. What is the addition to retained earnings?

Sagot :

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Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest expense of $51,500, a tax rate of 25 percent, and paid out $41,500 in cash dividends. What is the addition to retained earnings?

Sagot :

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