Using Income Statements [ L01] Given the following information for Troiano Pizza Co., calculate the depreciation expense: Sales = $76,800; Costs = $36,900; Addition to retained earnings = $6,800; Dividends paid = $2,370; Interes expense = $5,300; Tax rate = 22 percent.
Using Income Statements [ L01] Given the following information for Troiano Pizza Co., calculate the depreciation expense: Sales = $76,800; Costs = $36,900; Addition to retained earnings = $6,800; Dividends paid = $2,370; Interes expense = $5,300; Tax rate = 22 percent.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...
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![Using Income Statements [L L01] Given the following information for Troiano Pizza Co., calculate the depreciation
expense: Sales = $76,800; Costs = $36,900; Addition to retained earnings = $6,800; Dividends paid = $2,370; Interest
expense = $5,300; Tax rate = 22 percent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fefa4cca1-81f9-4cce-bc3d-e5d7ab07e50e%2F1da7e6b7-bd8a-40cc-871b-92a69df7bc56%2F6jb247s_processed.png&w=3840&q=75)
Transcribed Image Text:Using Income Statements [L L01] Given the following information for Troiano Pizza Co., calculate the depreciation
expense: Sales = $76,800; Costs = $36,900; Addition to retained earnings = $6,800; Dividends paid = $2,370; Interest
expense = $5,300; Tax rate = 22 percent.
![14
Given Info.
Sales
76,800
Costs
36,900
Inc. in Ret Earnings
6,800
Dividends
2,370
Step 3
Fill in Income Statement
Interest Exp
|Тax Rate
5,300
22%
Calculate Depreciation Expense
Step 1
Set up Inc Statement
Sales
$ 76,800
Step 2
Figure out Net Income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fefa4cca1-81f9-4cce-bc3d-e5d7ab07e50e%2F1da7e6b7-bd8a-40cc-871b-92a69df7bc56%2Fsymn5j_processed.png&w=3840&q=75)
Transcribed Image Text:14
Given Info.
Sales
76,800
Costs
36,900
Inc. in Ret Earnings
6,800
Dividends
2,370
Step 3
Fill in Income Statement
Interest Exp
|Тax Rate
5,300
22%
Calculate Depreciation Expense
Step 1
Set up Inc Statement
Sales
$ 76,800
Step 2
Figure out Net Income
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