Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pharrell, Inc., has sales of $589,000, costs of$269,000, depreciation expense of $69,000, interest expense of $36,000, and a tax rate of 35 percent. The firm

Pharrell, Inc., has sales of $589,000, costs of$269,000, depreciation expense of $69,000, interest expense of $36,000, and a tax rate of 35 percent. The firm paid out$38,000 in cash dividends and has 44,000 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.g., 32.16.)

Earnings per share?

What is the dividends per share figure?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 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

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

13th Edition

1265553602, 978-1265553609

More Books

Students also viewed these Finance questions

Question

In the G/M/1 model if G is exponential with rate show that = /.

Answered: 1 week ago

Question

Explain why firms measure profit. LO1

Answered: 1 week ago