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LG ( 1 ) P 3 - 8 Statement of retained earnings Hayes Enterprises began the year with a retained earnings balance of $ 9
LG P Statement of retained earnings Hayes Enterprises began the year with a retained earnings balance of $ During the year, the firm earned $ after taxes. From this amount, preferred stockholders were paid $ in dividends. At yearend, the firm's retained earnings totaled $ The firm had shares of common stock outstanding during the year.
a Prepare a statement of retained earnings for the year for Hayes Enterprises. NOTE: Be sure to calculate and include the amount of cash dividends paid.
b Calculate the firm's earnings per share EPS
c How large a pershare cash dividend did the firm nav on
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