Nataro, Inc., has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of...

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Nataro, Inc., has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, and a tax rate of 21 percent. The firm paid out $125,000 in cash dividends. What is the addition to retained earnings? Input area: Sales Costs Depreciation expense Interest expense Tax rate Cash dividends Output area: (Use cells A6 to B11 from the given information to complete this question.) Income Statement Sales Costs Depreciation expense CRIT M Graded Worksheet + $742,000 $316,000 alculation Mode: Automatic Workbook Statistics $39,000 $34,000 21% $125,000 $742,000 316,000 39,000 + 20 B25 Calibri A Xfx =B18-B19-B20-B22*B10 11 V Income Statement 23 EBT 24 Taxes (21%) 25 Net income 26 Addition to retained earnings 27 28 20 B B $316,000 $39,000 $34,000 21% $125,000 $742,000 316,000 39,000 7 Costs 8 Depreciation expense 9 Interest expense 10 Tax rate 11 Cash dividends 12 13 (Use cells A6 to B11 from the given information to complete this question.) 14 15 Output area: 16 17 18 Sales 19 Costs 20 Depreciation expense 21 EBIT 22 Interest expense 34,000 C $379,860 $340,860 D Ov A E ... F ||||| Nataro, Inc., has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, and a tax rate of 21 percent. The firm paid out $125,000 in cash dividends. What is the addition to retained earnings? Input area: Sales Costs Depreciation expense Interest expense Tax rate Cash dividends Output area: (Use cells A6 to B11 from the given information to complete this question.) Income Statement Sales Costs Depreciation expense CRIT M Graded Worksheet + $742,000 $316,000 alculation Mode: Automatic Workbook Statistics $39,000 $34,000 21% $125,000 $742,000 316,000 39,000 + 20 B25 Calibri A Xfx =B18-B19-B20-B22*B10 11 V Income Statement 23 EBT 24 Taxes (21%) 25 Net income 26 Addition to retained earnings 27 28 20 B B $316,000 $39,000 $34,000 21% $125,000 $742,000 316,000 39,000 7 Costs 8 Depreciation expense 9 Interest expense 10 Tax rate 11 Cash dividends 12 13 (Use cells A6 to B11 from the given information to complete this question.) 14 15 Output area: 16 17 18 Sales 19 Costs 20 Depreciation expense 21 EBIT 22 Interest expense 34,000 C $379,860 $340,860 D Ov A E ... F |||||

Answer rating: 100% (QA)

Given Sales 742000 Costs 316000 Depreciation expense 39000 Interest expense 34000 Tax rate 21 Cash d... View the full answer