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Calculation of EPS and retained earnings Everdeen Mining,Inc., ended 2015 with net profits before taxes of $437,000. The company is subject to a 40%tax rate

Calculation of EPS and retained earnings Everdeen Mining,Inc., ended 2015 with net profits before taxes of $437,000. The company is subject to a 40%tax rate and must pay $64,600 in preferred stock dividends before distributing any earnings on the 163,000 shares of common stock currently outstanding.

a. Calculate Everdeen's 2015 earnings per share(EPS).

b. If the firm paid common stock dividends of $0.85 pershare, how many dollars would go to retainedearnings?

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