Suppose the firm in Problem 2 paid out $43,000 in cash dividends. What is the addition to

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Suppose the firm in Problem 2 paid out $43,000 in cash dividends. What is the addition to retained earnings?

Problem 2

Pharrell, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a tax rate of 35 percent. What is the net income for this firm?

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Essentials of Corporate Finance

ISBN: 978-1259277214

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 30, 2016 09:29 AM

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Suppose the firm in Problem 2 paid out $43,000 in cash dividends. What is the addition to

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Essentials of Corporate Finance

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