(Answered) Pdq corp has sales of 4000000 the firms cost of goods sold

Finance

PDQ corp. has sales of $4,000,000, the firm's cost of goods sold is $2,500,000 and its total operating expenses are $600,000. the firm's interest expense is $250,000 and the corporate tax rate is 40%. the firm paid dividends to preferred stockholders of $40,000 and the firm distributed $60,000 in dividend payments to common stockholders. what is PDQ''s addition to retained earnings?

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