Reference no: EM131192538
Billy’s Exterminators, Inc., has sales of $607,000, costs of $314,000, depreciation expense of $66,000, interest expense of $43,000, a tax rate of 35 percent, and paid out $78,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings $
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: Billy’s Exterminators, Inc., has sales of $595,000, costs of $290,000, depreciation expense of $42,000, interest expense of $31,000, a tax rate of 35 percent, and paid out $42,300 in cash dividends. The firm has 94,000 shares of common stock outstand..
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: Billy’s Exterminators, Inc., has sales of $607,000, costs of $314,000, depreciation expense of $66,000, interest expense of $43,000, a tax rate of 35 percent, and paid out $78,000 in cash dividends. What is the addition to retained earnings?
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