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a. Premo Enterprises net profit before taxes for 2XX3 totaled $708,000. The company's total retained earnings were $700,000 for 2XX4 and $800,000 for 2XX5. Premo

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a. Premo Enterprises net profit before taxes for 2XX3 totaled $708,000. The company's total retained earnings were $700,000 for 2XX4 and $800,000 for 2XX5. Premo is subject to 25% tax rate. Calculate the cash dividend declared by Premo Enterprises for 2XX5. b. Assume Premo is paying $31,000 to preference shareholders and this company has 100,000 common shareholders, compute the common stock dividend paid per share

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