Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Griffins Goat Farm, Incorporated, has sales of $724,000, costs of $225,000, depreciation expense of $50,000, interest expense of $20,000, and a tax rate of 24
Griffins Goat Farm, Incorporated, has sales of $724,000, costs of $225,000, depreciation expense of $50,000, interest expense of $20,000, and a tax rate of 24 percent. The firm paid out $115,000 in cash dividends, and has 40,000 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started