Frye inc has sales of 625,000. Costs of goods sold of $260,000, depreciation expense of $79,000 interest expense of $43,000 and an average tax rate of 35 percent if the firms beginning balance of retained earnings is 200,000 how much is the firms ending balance in retained earnings?

Answer rating: 100% (QA)

Frye inc Income Statement Sales 625000 LessCost of Goods Sold 260000 Gross Profit ... View the full answer