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Instructions It has been ten years since Main Squeeze began and now the company sells a variety of products and owns an extensive franchise network.
Instructions It has been ten years since Main Squeeze began and now the company sells a variety of products and owns an extensive franchise network. The company is also now traded publicly and issued the following information in an annual report (in millions except per share data): A. Retained earnings at June 30, 2030 totalled $98,641M B. Net earnings for the year ended June 30, 2030 was $9,861M C. The number of common shares outstanding at June 30, 2030 was 2,529.3 M D. Dividends declared and paid on common shares equalled $2.79 per share Required: 1. Compute the total amount of dividends declared by the company. 2. Compute the company's earnings per share (EPS), assuming Main Squeeze had not issued preferred shares. Is EPS a useful measure of performance? Explain 3. If the share price was $50.32 per share at June 30, 2029 and $53.01 at June 30, 2030, what was the total return per share for the year
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