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Awad Inc. reported during 2018 earnings before taxes of $400,000. The firms average tax rate is 20% and has 10,000 shares of 5%, $100 preferred
Awad Inc. reported during 2018 earnings before taxes of $400,000. The firms average tax rate is 20% and has 10,000 shares of 5%, $100 preferred stocks issued in addition to 100,000 shares of common shares issued. Awad Inc. repurchased back 1,000 shares of its own common stocks during the same year. Moreover, it maintains a retention of 20%. Calculate the Firms DPS: Select one: a. $2.16/share b. $2.58/share c. $2.58/share d. None of the choices. e. $2.18/share
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