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David's Magic Stores has an operating profit of $190,000. Interest expense for the year was $26,000: preferred dividends paid were $27,000; and common dividends paid

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David's Magic Stores has an operating profit of $190,000. Interest expense for the year was $26,000: preferred dividends paid were $27,000; and common dividends paid were $41,000. The tax was $50,800. David's Magic Stores has 21000 shares of common stock outstanding a. Calculate the EPS and the common dividends per share for David's Magic Stores. (Round the final answers to 2 decimal places.) EPS Common dividenda per share b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Payout ratio ]% c. What was the increase in retained earnings for the year? Increase in retained earnings d. David's share price is $68.00 what is its price-earnings ratio (P/E)? (Do not round Intermediate calculations. Round the final answer to 2 decimal places.) Price earning ratio times

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