The ABC Co. has sales of $264,200, costs of $185,600, and interest paid of $11,200
January 4th, 2018
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?
