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I need help solving this problem BubbleTree Inc. had a taxable income of $460,000 last year. Its average tax rate is 28% and it paid
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BubbleTree Inc. had a taxable income of $460,000 last year. Its average tax rate is 28% and it paid out $120,000 in dividends to preferred stockholders. The company has 10,000 shares of common stock outstanding. Part 1 [1 B Attempt 1/10 for 10 pts. What were BubbleTree's earnings per share of common stock (EPS)? Part 2 Attempt 1/10 for 10 pts. If BubbleTree pays out a dividend of $16.9 for each share of common stock, what is the addition to retained earnings Step by Step Solution
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