Question: HOME INSERT PAGE LAYOUT FORMULAS Calibri 11 96 Alignment Number Cells BIU Editing Cell Styles Conditional Format as Formatting Table Styles board Font f D

HOME INSERT PAGE LAYOUT FORMULAS Calibri 11 96 Alignment Number Cells BIU Editing Cell Styles Conditional Format as Formatting Table Styles board Font f D G F E H B 1 Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. The firm just paid out $95,000 in cash dividends. What is the addition to retained earnings? Sales Costs Depreciation expense Interest expense $ 817,000 343,000 51,000 38.000 Tax rate 21% Cash dividends $ 95,000 Complete the following analysis. Do not hard code values in your calculations. Complete the following analysis. Do not hard code values in your calculations, Income Statement Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (21%) Net income Addition to retained earnings Sheet1
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
