Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense.The addition to retained earnings is $418 and net new equity is $500.The tax rate is 35 percent.Sales are $15,900 and depreciation is $680.What are the earnings before interest and taxes?
A) $589.46
B) $1,269.46
C) $1,331.54
D) $1,951.54
E) $1,949.46
Correct Answer:
Verified
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