What are the retained earn

Reference no: EM13271960

During 2007, ABC had sales of $67,685. Cost of goods sold, administrative expenses and selling expenses, and depreciation expenses were $21,751, $4,208, and $5,182, respectively. In addition, the company had an interest expense of $4,256, and a tax rate of 43%. The company paid$9,026 as dividends. If the retained earnings is 2006 were $56,533, what are the retained earnings in 2007?

Reference no: EM13271960

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