What were Costa Dividends

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Reference no: EM132919734

Question - Given the following financial information for Costa Corporation.

 

2020

2019

Accounts Payable

$9,505

$8,544

Accounts Receivable

13,576

14,481

Cash

25,185

19,287

Common Stock

30,120

30,120

Cost of Goods Sold

21,027

20,447

Current Portion of Long-term Debt

2,631

1,202

Depreciation Expense

2,600

2,509

Dividend

?

?

Goodwill

39,795

31,282

Interest Expense

264

388

Inventory

9,344

9,020

Long-Term Debt

32,635

26,494

Net Property, Plant & Equipment

19,766

18,615

Research & Development Expense

16,159

15,355

Retained Earnings

?

?

Revenue

82,584

82,059

Selling General & Admin Expense

31,243

30,533

Treasury Stock

-38,490

-38,417

Tax Rate = 21%

2018 Retained Earnings = $56,216

Required - What were Costa's Dividends in 2019 and 2020?

Reference no: EM132919734

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