Please answer in detail how to solve thisbreads lsquor us, Ask an Expert

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Please answer in detail how to solve this

Breads ‘R Us had sales of $35,000 last year. Their total costs were $12,000, and the depreciation charge was $3,000. They have 1,480 shares outstanding and paid dividend of $2.20 per share after keeping 70 percent of the net income as retained earnings. If they paid 40 percent in taxes, how much was the interest expense?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91601478

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