Pharrell inc has sales of 594000 costs of 264000, Finance Basics

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Pharrell inc has sales of 594000 costs of 264000

Question: Pharrell, Inc., has sales of $594,000, costs of $264,000, depreciation expense of $66, 500, interest expense of $33, 500, and a tax rate of 40 percent. The firm paid out $40, 500 in cash dividends. What is the addition to retained earnings?

Addition to retained earnings $

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Finance Basics: Pharrell inc has sales of 594000 costs of 264000

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