Ragsdale Inc. has sales of $493,000, costs of $210,000, depreciation expense of $35,000, interest expense of $19,000, and a tax rate of 35 percent. What is the net income for the firm? Suppose the company paid out $50,000 in cash dividends. What is the addition to retained earnings?
Answer to relevant QuestionsDraw up a statement of comprehensive income and a statement of financial position for Ingersoll for 2014 and 2015. Gordon Driving School’s 2014 balance sheet showed net fixed assets of $1.65 million, and the 2015 balance sheet showed net fixed assets of $1.73 million. The company’s 2015 statement of comprehensive income showed a ...Compute the following ratios for Stowe Enterprises for 2014 and 2015: Financial statement information The most recent financial statements for Fontenot Co. are shown here: Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-to-equity ratio. What ...What is the basic reason that financial markets develop?
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