What is the addition to retained earnings

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Shelton, Inc., has sales of $396,000, cost of $184,000, depreciation expense of $49,000, interest expense of $30,000, and a tax rate of 35%. What is the net income for the firm? Suppose the company paid out $39,000 in cash dividends. What is the addition to retained earnings?

Reference no: EM131185345

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What is the addition to retained earnings : Shelton, Inc., has sales of $396,000, cost of $184,000, depreciation expense of $49,000, interest expense of $30,000, and a tax rate of 35%. What is the net income for the firm? Suppose the company paid out $39,000 in cash dividends. What is the addi..

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