Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Griffins Goat Farm, Incorporated, has sales of $659,000, costs of $285,000, depreciation expense of $39,000, interest expense of $34,000, and a tax rate of 22

Griffins Goat Farm, Incorporated, has sales of $659,000, costs of $285,000, depreciation expense of $39,000, interest expense of $34,000, and a tax rate of 22 percent. The firm paid out $116,000 in cash dividends, and has 30,000 shares of common stock outstanding.

a. What is the earnings per share, or EPS, figure?

b. What is the dividends per share figure?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Finance

Authors: Michael Fardon

1st Edition

1872962319, 1872962173, 978-1872962313, 978-1872962177

More Books

Students also viewed these Finance questions

Question

16. What makes them unique? (special features of the group)

Answered: 1 week ago