If net fixed assets increased by 525,000 during the year, what was the addition

Question

If net fixed assets increased by 525,000 during the year, what was the addition to NWC? Using Income Statements [LOI] Given the following information for Calvani Pizza Co., calculate the depreciation expense: sales = $52,000; costs = $27,300; addition to retained earnings = $5,300; dividends paid = $1,800; interest expense = $4,900; tax rate = 35 percent. Preparing a Balance Sheet [LOI] Prepare a 2011 balance sheet for Cornell Corp based on the following information: cash = $127,000; patents and copyrights =

Explanation / Answer

Retained Earning + dividend = (Sales - Cost - Interest - Depreciation) * 0.65

5300 + 1800 = (52000-27300 - 4900 - Dep)* 0.65

Therefore, depreciation = 8877(Approx)

Thanks

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