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Lone Ranger Inc has an operating profit of $150,000. Interest expense for the year was $20,000, preferred dividends paid were $25,200, and common dividends paid
Lone Ranger Inc has an operating profit of $150,000. Interest expense for the year was $20,000, preferred dividends paid were $25,200, and common dividends paid were $37,000. The tax was $50,000. Lone Ranger Inc has 17,000 shares of common stock outstanding. a. Calculate the EPS and the common dividends per share for Lone Ranger Inc. (Round the final answers to 2 decimal places.) EPS Common dividends per share b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Payout ratio % c. What was the increase in retained earnings for the year? Increase in retained earnings d. If Lone Ranger Inc's share price is $60.00 what is its price-earnings ratio (P/E)? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price earning ratio times
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