Nataro, Incorporated, has sales of $668,000, costs of $330,000, depreciation expenseof $74,000, interest expense of $47,000, a tax rate of 21 percent, and paid out $46,000in cash dividends.What is the addition to retained earnings? (Do not round intermediate calculations.)Addition to retained earnings

Statement of retained earnings helps to show the changes in retained earnings over a period of time.…

Answered: Nataro, Incorporated, has sales of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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) XYZ co paid $520 in dividends and $711 in interest expense. The addition to retained earnings is $497.74 and net new equity is $750. The tax rate is 34%. Sales are $6,250 and depreciation is $600. What are the earnings before interest and taxes?
For the most recent year Camargo Inc., had sales of $556,000, cost of goods sold $248960, depreciation expense of $64400, and additions to retained earnings of $76,800. The firm currently has 24,000 shares of common stock outstanding and the previous year's dividends per share were $1.50. Assuming a 23 percent income tax rate, what was the times interest earned ratio?
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