Gia, Incorporated, has sales of $669,000, costs of $331,000, depreciation expense of $75,000, interest expense of...

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Gia, Incorporated, has sales of $669,000, costs of $331,000, depreciation expense of $75,000, interest expense of $47,500, and a tax rate of 22 percent. What is the net income for the firm? Suppose the company paid out $45,500 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Net income Addition to retained earnings Gia, Incorporated, has sales of $669,000, costs of $331,000, depreciation expense of $75,000, interest expense of $47,500, and a tax rate of 22 percent. What is the net income for the firm? Suppose the company paid out $45,500 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Net income Addition to retained earnings

Answer rating: 100% (QA)

To calculate net income for Gia Incorporated we need to apply the following steps 1 Calculate earnin... View the full answer