Travis inc has sales of 387000 costs of 175000 depreciation, Financial Management

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Travis inc has sales of 387000 costs of 175000 depreciation

Travis, Inc., has sales of $387,000, costs of $175,000, depreciation expense of $40,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income for the firm? Suppose the company paid out $30,000 in cash dividends. What is the addition to retained earnings?

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Financial Management: Travis inc has sales of 387000 costs of 175000 depreciation

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Financial Management: Travis inc has sales of 387000 costs of 175000 depreciation

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