AV Tech Depot has net revenue of $512,000 and costs of $407,900. The depreciation expense is $43,500, interest paid is $11,800, and dividends for the year are $4,700. The tax rate is 33 percent. What is the addition to retained earnings? O $27,996 O $35,902 $32,696 $44,100 $48,889

AV Tech Depot has net revenue of $512,000 and costs of $407,900. The depreciation expense is $43,500, interest paid is $11,800, and dividends for the year are $4,700. The tax rate is 33 percent. What is the addition to retained earnings? O $27,996 O $35,902 $32,696 $44,100 $48,889

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 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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aak.2

AV Tech Depot has net revenue of $512,000 and costs of $407,900. The depreciation expense is $43,500, interest
paid is $11,800, and dividends for the year are $4,700. The tax rate is 33 percent. What is the addition to retained
earnings?
O $27,996
O $35,902
O $32,696
O $44,100
$48,889

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