Question
Cedar Organics had earnings after tax of 875,000 in 2021. There were 340,000 common shares outstanding at a book value of $3.00 per share.
Cedar Organics had earnings after tax of 875,000 in 2021. There were 340,000 common shares outstanding at a book value of $3.00 per share. \ On January 1, 2022, Cedar issued an additional 10,000 shares at $4.00 \ Assdume that the additional shares increased earnings after tax and after preferred dividends for 2022 by 10% \ Required: \ a compute EPS for 2021 \ \ \ \ \ b Assume Cedar also had 12,500 preferred shares outstanding with an annual dividend of @.50 per share. Compute EPS for 2021 asssuming the preferred dividends were not declared or paid. \ \ \ \ c compute EPS for 2022
Cedar Organics had earnings after tax of 875,000 in 2021. There were 340,000 common shares outstanding at a book value of $3.00 per share. \ On January 1, 2022, Cedar issued an additional 10,000 shares at $4.00 \ Assdume that the additional shares increased earnings after tax and after preferred dividends for 2022 by 10% \ Required: \ a compute EPS for 2021 \ \ \ \ \ b Assume Cedar also had 12,500 preferred shares outstanding with an annual dividend of @.50 per share. Compute EPS for 2021 asssuming the preferred dividends were not declared or paid. \ \ \ \ c compute EPS for 2022
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