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(Answered) finance


ABC Company earned $673,411 in taxable income for the year. How much tax does the company owe on this income? ABC recently reported $34,893 of sales, $6,422 of operating costs other than depreciation, and $2,145 of depreciation. The company had $4,440 of bonds that carry a 7% interest rate, and its income tax rate was 39%. How much was its net cash flow? In 2012, ABC had operating income (EBIT) of $19,529, interest expense of $1,491, and dividend expense of $3,145. If the tax rate is 44%, what is the transfer to Retained Earnings? Enter your answer rounded off to two deci
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