LILSO’s group's published annual report showed the following: -Operating profit for the year was EGP 4,000,000. -Interest Expense was EGP 700,000. -The group is subject to 20% taxes. -Number of common shares outstanding was 250,000. -The group has 100,000 Preferred stocks of EGP 15 par value. If you know that the group pays 11% dividends for each preferred stock, answer the following questions How much are the total earnings will be available for common stock holders? 2 .Calculate the Earnings per share (EPS) and the Dividends per share (DPS) if the board of directors decided to retain 70% of the year's earnings for further investment
LILSO’s group's published annual report showed the following: -Operating profit for the year was EGP 4,000,000. -Interest Expense was EGP 700,000. -The group is subject to 20% taxes. -Number of common shares outstanding was 250,000. -The group has 100,000 Preferred stocks of EGP 15 par value. If you know that the group pays 11% dividends for each preferred stock, answer the following questions How much are the total earnings will be available for common stock holders? 2 .Calculate the Earnings per share (EPS) and the Dividends per share (DPS) if the board of directors decided to retain 70% of the year's earnings for further investment
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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LILSO’s group's published annual report showed the following:
-Operating profit for the year was EGP 4,000,000.
-Interest Expense was EGP 700,000.
-The group is subject to 20% taxes.
-Number of common shares outstanding was 250,000.
-The group has 100,000 Preferred stocks of EGP 15 par value.
If you know that the group pays 11% dividends for each
- How much are the total earnings will be available for common stock holders?
2 .Calculate the Earnings per share (EPS) and the Dividends per share (DPS) if the board of directors decided to retain 70% of the year's earnings for further investment
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