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Elite Trailer has an operating profit of $282,000. Interest expense for the year was 38,900; preferred dividends paid were $27,500: and common dividends paid were
Elite Trailer has an operating profit of $282,000. Interest expense for the year was 38,900; preferred dividends paid were $27,500: and common dividends paid were $43,700. The tax was $65,700. The firm has 25,100 shares of common stock outstanding. A. What are the earnings per share and the common dividends per share for Elite Trailer? B. What was the increase in retained earnings for the year?
A. What are the earnings per share and the common dividends per share for Elite Trailer?
B. What was the increase in retained earnings for the year?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
