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Please solve all. P.s. to solve b and c please do follow as shown in part a. much appreciated. EPS calculations Southland Industries has $65,000
Please solve all.
P.s. to solve b and c please do follow as shown in part a.
much appreciated.
EPS calculations Southland Industries has $65,000 of 5.3% (annual interest) bonds outstanding, 1,800 shares of preferred stock paying an annual dividend of $5 per share, and 7,000 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. $24,500 b. $31,000 c. $34.300 a. Compute earnings per share (EPS) for EBIT of $24,500 Calculate the EPS below: (Round to the nearest dollar except for the EPS which should be rounded to three decimal places.) EBIT S Less: Interest Net profits before taxes $ Less: Taxes $ Net profit after taxes Less: Preferred dividends Earnings available to common shareholders $ EPS b. Compute earnings per share (EPS) for EBIT of $31,000. Calculate the EPS below: (Round to the nearest dollar except for the EPS which should be rounded to three decimal places.) EBIT $ Less: Interest Enter any number in the edit fields and then continue to the nextStep by Step Solution
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