Calculation of EPS and retained earnings Everdeen Mining, Inc, ended 2019 with net protits before taxes of 5430,000 The company is subject to a 21% lax rate and must pay S64,800 in preferred stock dividends before distributing any earnings on the 167,000 shares of common stock currently outstanding a. Calculate Everdeen's 2019 eamings per share (EPS) b. If the firm paid common stock dividends of $0 81 per share, how many dollars would go to retained eamings? a. The ferm's EPS is $1728 (Round to the nearest cent)
Calculation of EPS and retained earnings Everdeen Mining, Inc, ended 2019 with net protits before taxes of 5430,000 The company is subject to a 21% lax rate and must pay S64,800 in preferred stock dividends before distributing any earnings on the 167,000 shares of common stock currently outstanding a. Calculate Everdeen's 2019 eamings per share (EPS) b. If the firm paid common stock dividends of $0 81 per share, how many dollars would go to retained eamings? a. The ferm's EPS is $1728 (Round to the nearest cent)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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
Transcribed Image Text:Calculation of EPS and retained earmings Everdeen Mining, Inc., ended 2010 with net profits before taxos of 5430,000. The company is subject to a 21% tax rate
and must pay $64,800 in preferred stock dividends before distributing any earnings on the 167,000 sharos of common stock currently outstanding
a. Calculate Everdeen's 2019 eamings per share (EPS).
b. If the tirm paid common stock dividends of S0 81 per share, how many dollars would go to retained earnings?
a. The firm's EPS is s1.728 (Round to the nearest cont )
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