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please amswer asap. thank you Problem Solving. Type your final answer in the space provided The following information pertains to SBA Company for year-end 2016.
please amswer asap. thank you
Problem Solving. Type your final answer in the space provided The following information pertains to SBA Company for year-end 2016. Earnings before interest and taxes =P3,000,000 Capital structure consists of the following: Debts 1,000,15%, P 5,000 value per bond, Preferred Shares - 12\%, 5,000, P1000 par Ordinary equity shares 10,000 shares, P100 par Corporate Tax rate 32% For 2016,60\% of Earnings after interest and taxes will be distributed as dividends . Assume that interest, taxes, dividends are paid annually. a. Compute for the EAIT. EAIT=P b. Compute for the dividends for preferred shares; for common shares. Preferred Shares = F Common Shares =F c. How much of the EAIT were added to retained earnings account. Additional to Retained Earnings =P Step by Step Solution
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