Your Favorite Company has net revenues of $139,750 and costs of goods sold amounting to $97,600....

 

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Your Favorite Company has net revenues of $139,750 and costs of goods sold amounting to $97,600. Interest paid equals $8,150. The tax rate is 35%. The depreciation expense is $11,000. The amount of the addition to retained earnings is $9,500. What is the amount of dividends that are paid? Prepare an income statement, using correct format Your Favorite Company has net revenues of $139,750 and costs of goods sold amounting to $97,600. Interest paid equals $8,150. The tax rate is 35%. The depreciation expense is $11,000. The amount of the addition to retained earnings is $9,500. What is the amount of dividends that are paid? Prepare an income statement, using correct format

Answer rating: 100% (QA)

First lets calculate the companys earnings before interest and taxes EBIT EBIT Net Revenues Cost of ... View the full answer