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Elite Trailer Parks has an operating profit of $251,000. Interest expense for the year was $33,900; preferred dividends paid were $30,100; and common dividends paid
Elite Trailer Parks has an operating profit of $251,000. Interest expense for the year was $33,900; preferred dividends paid were $30,100; and common dividends paid were $44,700. The tax was $68,100. The firm has 25,700 shares of common stock outstanding. a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Earnings per share Common dividends per share $ $ 1.73 $ 4.63 b. What was the increase in retained earnings for the year? Answer is complete but not entirely correct. Increase in retained earnings S 72.400 5 Return to question Botox Facial Care had earnings after taxes of $298,000 in 20x1 with 200,000 shares of stock outstanding. The stock price was $58.80. In 20x2, earnings after taxes increased to $330,000 with the same 200,000 shares outstanding. The stock price was $70.00 a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) 2.25 points Answer is complete and correct. $ Earnings per share P/E ratio 1.49 39.46 times b. Compute earnings per share and the P/E ratio for 20x2.(Do not round intermediate calculations. Round your final answers to 2 decimal places.) Answer is complete and correct. $ Earnings per share P/E ratio 1.65 42.42 times Return to question 5 answers to 2 decimal places.) Answer is complete and correct. 2.25 points $ Earnings per share P/E ratio 1.65 42.42 times c. Why did the P/E ratio change? (Do not round intemediate calculations. Input your answers as percents rounded to 2 decimal places.) Answer is complete but not entirely correct. Increased by percent while 58.81 The stock price 298.000.000 percent increased by EPS
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