Question
Quantum Technology had $705,000 of retained earnings on December 31, 20X2. The company paid common dividends of $35,200 in 20X2 and had retained earnings of
Quantum Technology had $705,000 of retained earnings on December 31, 20X2. The company paid common dividends of $35,200 in 20X2 and had retained earnings of $532,000 on December 31, 20X1.
a. How much did Quantum Technology earn during 20X2?
b. What would earnings per share be if 45,500 shares of common stock were outstanding? (Round your answer to 2 decimal places.)
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrod Harford, David Stangeland, Andras Marosi
3rd Canadian Edition
0135418178, 978-0135418178
