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Brandon Fast Foods Inc. has operating profit of $240,000. The company has 16,000 common shares outstanding and paid corporate taxes of $51,800 Interest expense
Brandon Fast Foods Inc. has operating profit of $240,000. The company has 16,000 common shares outstanding and paid corporate taxes of $51,800 Interest expense for the year was $46,000, preferred dividends paid were $29,500, and common dividends paid were $23,000 a. Compute EPS and common dividends per share (Round the final answers to 2 decimal places.) Earnings per share Cormon dividends per share b. Calculate the increase in retained earnings for the year. Increase in retained earnings $
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