Sidewinder, Inc., has sales of $690,000, costs of $342,000, depreciation expense of $87,000, interest expense of $52,000, and a tax rate of 24 percent. The firm paid out $82,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Sidewinder, Inc., has sales of $690,000, costs of $342,000, depreciation expense of $87,000, interest expense of $52,000, and a tax rate of 24 percent. The firm paid out $82,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.
What is the addition to retained earnings ?
Green Grass, Inc., has sales of $573,000, costs of $284,000, depreciation expense of $32,000, interest expense of $13,000, and a tax rate of 32 percent. (Do not include the dollar sign ($).) If the firm paid out $55,000 in cash dividends, the addition to retained earnings is $ _____ .
sidewinder, Inc., has sales of $678,000, costs of $339,000, depreciation expense of $84,000, interest expense of $49,000, and a tax rate of 21 percent. The firm paid out $79,000 in cash dividends. What is the addition to retained earnings?
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Pop Evil, Inc.'s net income for the most recent year was $22,817. The tax rate was 21 percent. The firm paid $4,081 in total interest expense and deducted $5,991 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times
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A firm has the following accounts.: Sales = $10,346,000; Cost of goods sold = $6,005,000; Addition to retained earnings = $225,000; Dividends paid to stockholders = $225,000; Interest expense = $1,500,000. The firm's tax rate is 21%. What is the firm's annual depreciation expense? O $2,271,380 $2,469,099 O $4,341,000 $2,069,620
Whipporwill, Incorporated's, net income for the most recent year was $16,802. The tax rate was 21 percent. The firm paid $3,706 in total interest expense and deducted $4,491 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times
Helo Company has provided the following data: Sales, P5,000,000; Interest expense, P30,000; Total assets, beginning of the year, P185,000; Total assets, end of the year, P215,000; Return on assets, 15.5%; Tax rate, 30%. What is the net income of Helo Co.? show solutions
A firm has the following accounts; sales = $1,190,000, cost of goods sold = $876,000, depreciation expense = $130,000, addition to retained earnings = $43,000. The firm's dividends per share = $1.05, tax rate = 21%, and number of shares outstanding = 19,000. What is the firm's times interest earned ratio? O 1.76 1.52 11.41 O 1.42