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Please complete the above blanks and repeat steps for parts B (29,000) and C (34,700). EPS calculations Southland Industries has $75,000 of 15.7% annual interest)
Please complete the above blanks and repeat steps for parts B (29,000) and C (34,700).
EPS calculations Southland Industries has $75,000 of 15.7% annual interest) bonds outstanding, 1,800 shares of preferred stock paying an annual dividend of $4 per share, and 5,000 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. $25,000 b. $29,000 c. $34,700 a. Compute earnings per share (EPS) for EBIT of $25,000 Calculate the EPS below: (Round to the nearest dollar except for the EPS which should be rounded to three decimal places.) 25000 EBIT Less: Interest Net profits before taxes Less: Taxes Net profit after taxes Less: Preferred dividends Earnings available to 13225 common shareholders EPSStep by Step Solution
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