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Addition to retained earnings

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Holden Inc. has sales of $795,000, costs of $345,000, depreciation expense of $76,000, interest expense of $40,000, and a tax rate of 35%. What is the net income for this firm?

Suppose that the firm in Problem 4 paid out $53,000 in cash dividends. What is the addition to retained earnings?

Suppose the firm in Problem 4 had 60,500 shares of common stock outstanding. What is the Earnings per Share (EPS)? Dividends per Share?

Reference no: EM131091067

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