do&co company has following information: cost of good sold=$792,700; sales=1,100,000; interest=61,300; depreciation=96,000; dividend payment= 400,000; tax rate=20%.

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do&co company has following information:

cost of good sold=$792,700;

sales=1,100,000; interest=61,300;

depreciation=96,000;

dividend payment= 400,000;

tax rate=20%.

what is the addition to retained earning for Do&co for the year

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Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: May 12, 2023 02:09 AM

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do&co company has following information: cost of good sold=$792,700; sales=1,100,000; interest=61,300; depreciation=96,000; dividend payment= 400,000; tax rate=20%.

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Expert Answer:

Answer Particulars Amount Sales 110000000 Less Cost of goods sold 79270000 LessInterest 6130000 ... View the full answer

Corporate Finance

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