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During the year the company reported sales of 93490 costs

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The firm had beginning retained earnings of $28,670. During the year, the company reported sales of $93,490, costs of $78,407, depreciation of $9,200, dividends of $750, and interest paid of $478. The tax rate is 40 percent. What would be the retained earnings balance at the end of the year?

Reference no: EM13570382

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