Beach Front Industries has sales of $589000, costs of $280000, depreciation expense of $37000, interest expense of $17000, and a tax rate of 32 percent. The firm paid $59000 in cash dividends. What is the addition to retained earnings?
A. $76,320B. $81,700C. $95,200D. $121,680E. $103,460
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Home » Business » Beach Front Industries has sales of $589000, costs of $280000, depreciation expense of $37000, interest expense of $17000, and a tax rate of 32 percent. The firm paid $59000 in cash dividends. What is the addition to retained earnings? A. $76,320B.