Problembillys exterminators inc has sales of 598000 costs, Ask an Expert

Finance

Problem:

Billy's Exterminators, Inc., has sales of $598,000, costs of $296,000, depreciation expense of $48,000, interest expense of $34,000, a tax rate of 35 percent and paid out $69,000 in cash dividends.

Required:

Question: What is the addition to retained earnings?

Note: Please explain comprehensively and give step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163213

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