Homework Answers
Answer:
Tax rate=57600/192000=30%
Sales=1.1*previous year question =1.1*750000=$825000
Cost=1.1*previous year question =1.1*218000=$239800
| Income Statement | |
| Sales | 825000 |
| Costs | 239800 |
| Depreciation | 190000 |
| EBIT =S-C-D | 395200 |
| Interest Expenses I | 150000 |
| EBT =EBIT - I | 245200 |
| Taxes T=30%*EBT | 73560 |
| Net Income N= EBT-T | 171640 |
| Dividend =75%*N | 128730 |
| Addition to retained earning=25%*N | 42910 |
Addition to retained earning =$42910
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