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Please answer the following question in Word Excel. P3-4 Calculation of EPS and retained earnings Everdeen Mining Inc. ended 2019 with a net profit before
Please answer the following question in Word Excel.
P3-4 Calculation of EPS and retained earnings Everdeen Mining Inc. ended 2019 with a net profit before taxes of $436,000. The company is subject to a 40% tax rate and must pay $64,000 in preferred stock dividends before distributing any earnings on the 170,000 shares of common stock currently outstanding. a. Calculate Everdeen's 2019 earnings per share (EPS). b. If the firm paid common stock dividends of $0.80 per share, how many dollars would go to retained earningsStep by Step Solution
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