Question: Please format answers in an excel worksheet or make it in an excel worksheet format. 25. [EXCEL] Retained earnings: Columbia Construction Company earned $451,888 during
Please format answers in an excel worksheet or make it in an excel worksheet format.
25. [EXCEL] Retained earnings: Columbia Construction Company earned $451,888 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,972 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1, 2016?
26. [EXCEL] What is the cash flow for Nimitz Rental?
27. [EXCEL] Tax: Mount Hebron Electrical Company's financial statements indicated that the company had earnings before interest and taxes of $718,323. The interest rate on its $850,000 debt was 8.95 percent. Calculate the taxes the company is likely to owe. What are the marginal and average tax rates for this company?
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