Question
Elite Trailer Parks has an operating profit of $300,000. Interest expense for the year was $38,100; preferred dividends paid were $29,500; and common dividends paid
| Elite Trailer Parks has an operating profit of $300,000. Interest expense for the year was $38,100; preferred dividends paid were $29,500; and common dividends paid were $36,700. The tax was $69,100. The firm has 16,400 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.) |
| Earnings per share | $ |
| Common dividends per share | $ |
| b. | What was the increase in retained earnings for the year? |
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
