Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need numbers with example .FINC211 Problem 2-4 Per-Share Earnings and Dividends (LO 2] Pharrell , Inc., has sales of $588,000, costs of $270,000, depreciation expense

need numbers with example .FINC211
image text in transcribed
Problem 2-4 Per-Share Earnings and Dividends (LO 2] Pharrell , Inc., has sales of $588,000, costs of $270,000, depreciation expense of $69.500, Interest expense of $36,500, and a tax rate of 40 percent. The firm paid out $37,500 in cash dividends and has 43,000 shares of common stock outstanding. What is the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places. e.... 32.16.) Earnings per shore What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e..., 32.16.) Dividends per share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions