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sales of $264,200, costs of $185,600, and interest paid of $11,200

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The ABC Co. has sales of $264,200, costs of $185,600, and interest paid of $11,200. The… 1 answer below » The ABC Co. has
sales of $264,200, costs of $185,600, and interest paid of $11,200. The
depreciation expense is $36,900 and the tax rate is 34 percent. At the
beginning of the year, the firm had retained earnings of $171,500 and
common stock of $300,000. At the end of the year, the firm has retained
earnings of $164,700 and common stock of $350,000. What is the amount of
the dividends paid for the year? Dec 17 2015 10:13 PM


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