Draiman inc has sales of 598000 costs of 260000, Ask an Expert

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Draiman, Inc., has sales of $598,000, costs of $260,000, depreciation expense of $64,500, interest expense of $31,500, and a tax rate of 40 percent. The firm paid out $42,500 in cash dividends. (Enter your answer as directed, but do not round intermediate calculations.) Required: What is the addition to retained earnings?

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Financial Management, Finance

Category:- Financial Management
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