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Calculation of EPS and retained earnings Everdeen Mining, Inc., ended the year with net profits before taxes of $425,000. The company is subject to a
Calculation of EPS and retained earnings Everdeen Mining, Inc., ended the year with net profits before taxes of $425,000. The company is subject to a 21% tax rate and must pay $62,100 in preferred stock dividends before distributing any earnings on the 173,000 shares of common stock currently outstanding. . Calculate Everdeen's earnings per share (EPS). o. If the firm paid common stock dividends of $0.79 per share, how many dollars would go to retained earnings
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