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Suppose the firm in Problem 2 paid out $43000 in cash dividends What is the addition to retained earnings? Problem 2 Pharrell Inc has sales of $634000 costs of $328000 depreciation expense


Suppose the firm in Problem 2 paid out $43,000 in cash dividends. What is the addition to retained earnings?

Problem 2

Pharrell, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a tax rate of 35 percent. What is the net income for this firm?

Apr 01 2020 View more View Less

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