Horizon Tech Solutions, Inc. provides the following financial information for the current fiscal year: • Total Sales: $975,000 • Total Costs: $412,000 • • • • Depreciation Expense: $65,000 Interest Expense: $45,000 Corporate Tax Rate: 24% Total Cash Dividends Paid: $120,000 Number of Common Shares Outstanding: 100,000 shares Required Calculations a. Calculate the Earnings Per Share (EPS) b. Calculate the Dividends Per Share (DPS)

Horizon Tech Solutions, Inc. provides the following financial information for the current fiscal year: • Total Sales: $975,000 • Total Costs: $412,000 • • • • Depreciation Expense: $65,000 Interest Expense: $45,000 Corporate Tax Rate: 24% Total Cash Dividends Paid: $120,000 Number of Common Shares Outstanding: 100,000 shares Required Calculations a. Calculate the Earnings Per Share (EPS) b. Calculate the Dividends Per Share (DPS)

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter2: Financial Statements And The Annual Report

Section: Chapter Questions

Problem 2.8E: Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of...

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