Chevelle inc has sales of 487000 and costs of 394500 the


Chevelle, Inc. has sales of $487,000 and costs of $394,500. The depreciation expense is $43,800. Interest paid equals $18,200 and dividends paid equal $6,500. The tax rate is 35 percent. What is the addition to retained earnings?

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Financial Management: Chevelle inc has sales of 487000 and costs of 394500 the
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