Ragsdale Inc. has sales of $493,000, costs of $210,000, depreciation expense of $35,000, interest expense of $19,000,
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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?
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Related Book For
Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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