Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Billy's Exterminators, Inc., has sales of $649,000, costs of $292,000, depreciation expense of $44,000, interest expense of $32,000, a tax rate of 35 percent and

image text in transcribed

Billy's Exterminators, Inc., has sales of $649,000, costs of $292,000, depreciation expense of $44,000, interest expense of $32,000, a tax rate of 35 percent and paid out $76,800 in cash dividends. The common stock outstanding is 96,000 shares. What is the earnings per share? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) Earnings per share $ 94 What is the dividends per share? (Do not round intermediate c your answer to 2 decimal places. (e.g., 32.16)) Dividends per share $ 94

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Persuasive Speaking Organizing Patterns in Persuasive Speaking?

Answered: 1 week ago