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Whistler's Sales for This Past Year Were $21,381

Question 81

Multiple Choice

Whistler's sales for this past year were $21,381.The interest expense was $248,costs of goods sold were $9,784,selling and general expenses were $1,208,depreciation was $811,and the addition to retained earnings was $325.The firm sold $500 of new stock shares and repurchased $125 of outstanding shares.
What was the cash flow to stockholders if the tax rate was 34 percent?


A) $725.50
B) $670.25
C) $202.72
D) $208.28
E) $235.55

Correct Answer:

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