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Please answer all EPS calculations Southland Industries has $50,000 of 4.2% (annual interest) bonds outstanding, 1,800 shares of preferred stock paying an annual dividend of

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EPS calculations Southland Industries has $50,000 of 4.2% (annual interest) bonds outstanding, 1,800 shares of preferred stock paying an annual dividend of $6 per share, and 4,000 shares of common stock outstanding. Assuming that the firm has a 40% tax rate, compute earnings per share (EPS) for the following levels of EBIT: a. $25,900 b. $29,100 c. $34,000 a. Compute eamings per share (EPS) for EBIT of $25,900 Calculate the EPS below: (Round to the nearest dollar except for the EPS which should be rounded to three decimal places.) $ EBIT Less: Interest Net profits before taxes Less: Taxes Net profit after taxes Less: Preferred dividends Earnings available to common shareholders S $ $ EPS b. Compute earnings per share (EPS) for EBIT of $29,100. Calculate the EPS below: (Round to the nearest dollar except for the EPS which should be rounded to three decimal places) $ EBIT Less: Interest Net profits before taxes Less: Taxes Net profit after taxes Less: Preferred dividends Earnings available to common shareholders EPS c. Compute earnings per share (EPS) for EBIT of $34,000. Calculate the EPS below: (Round to the nearest dollar except for the EPS which should be rounded to three decimal places.) EBIT Less: Interest Net profits before taxes Less: Taxes Net profit after taxes Less: Preferred dividends Earnings available to common shareholders $ S EPS Enter any number in the edit fields and then continue to the next

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