Andersen's Nursery has sales of $318,400, costs of $199,400, depreciation expense of $28,600, interest expense of $1,100, and a tax rate of 35 percent. The Firm paid out $23,400 in dividends. What is the addition to retained earnings? a. $44,141 b. $34,645 c. $37,208 d. $36,909 $40 615

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Andersen's Nursery has sales of $318,400, costs of $199,400, depreciation
expense of $28,600, interest expense of $1,100, and a tax rate of 35 percent. The
firm paid out $23,400 in dividends. What is the addition to retained earnings?
a. $44,141
b. $34,645
c. $37,208
d. $36,909
e. $40,615
Transcribed Image Text:Andersen's Nursery has sales of $318,400, costs of $199,400, depreciation expense of $28,600, interest expense of $1,100, and a tax rate of 35 percent. The firm paid out $23,400 in dividends. What is the addition to retained earnings? a. $44,141 b. $34,645 c. $37,208 d. $36,909 e. $40,615
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