[Solved] Pdq Corp

Question 68
Multiple Choice

PDQ Corp.has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000.The firm's interest expense is $250,000,and the corporate tax rate is 40%.The firm paid dividends to preferred stockholders of $40,000,and the firm distributed $60,000 in dividend payments to common stockholders.What is PDQ's "Addition to Retained Earnings? "

A) $650,000
B) $390,000
C) $330,000
D) $290,000

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