Shelton inc has sales of 390000 costs of 178000, Ask an Expert

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Shelton, Inc., has sales of $390,000, costs of $178,000, depreciation expense of $43,000, interest expense of $24,000, and a tax rate of 40 percent. (Do not round intermediate calculations.)

What is the net income for the firm? _________________________

Suppose the company paid out $33,000 in cash dividends.

What is the addition to retained earnings? ___________________________

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91941449

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