Draiman inc has sales of 585000 costs of 273000, Financial Management

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Draiman inc has sales of 585000 costs of 273000

Draiman, Inc., has sales of $585,000, costs of $273,000, depreciation expense of $71,000, interest expense of $38,000, and a tax rate of 35 percent. The firm paid out $36,000 in cash dividends. (Enter your answer as directed, but do not round intermediate calculations.) Required: What is the addition to retained earnings?

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Financial Management: Draiman inc has sales of 585000 costs of 273000

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