Mountain Ridge Resorts, Inc., has sales of $1,250,000, costs of $625,000, depreciation expense of $120,000, interest expense of $75,000, and a tax rate of 24 percent. The firm just paid out $130,000 in cash dividends. The company has 110,000 shares of common stock outstanding. a. What is the earnings per share, or EPS, figure? b. What are the dividends per share?

Mountain Ridge Resorts, Inc., has sales of $1,250,000, costs of $625,000, depreciation expense of $120,000, interest expense of $75,000, and a tax rate of 24 percent. The firm just paid out $130,000 in cash dividends. The company has 110,000 shares of common stock outstanding. a. What is the earnings per share, or EPS, figure? b. What are the dividends per share?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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