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EPS calculations Southland Industries has $50,000 of 15.9% (annual interest) bonds outstanding, 1,800 shares of preferred stock paying an annual dividend of $3 per share,

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EPS calculations Southland Industries has $50,000 of 15.9% (annual interest) bonds outstanding, 1,800 shares of preferred stock paying an annual dividend of $3 per share, and 5,000 shares of common stock outstanding. Assuming that the firm has a 40% tax rate, compute earnings per share (EPS) for the following levels of EBIT: a. $24.400 b. $30,500 c. $35,100

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