Suppose the firm in Problem 2 paid out $95,000 in cash dividends. What is the addition to

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Suppose the firm in Problem 2 paid out $95,000 in cash dividends. What is the addition to retained earnings?

Data from Problem 2

Griffin’s Goat Farm, Inc., has sales of $796,000, costs of $327,000, depreciation expense of $42,000, interest expense of $34,000, and a tax rate of 21 percent. What is the net income for this firm?

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Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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Question Posted: Jul 12, 2019 02:42 PM

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Suppose the firm in Problem 2 paid out $95,000 in cash dividends. What is the addition to

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Fundamentals of Corporate Finance

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