Question 4 2 pts Builtrite had taxable income of $2,000,000 and a tax rate of 34%. Builtrite also paid out a common stock dividend of $300,000 and a preferred dividend of $200,000. If Builtrite had 200,000 shares of common stock outstanding, what are Builtrite's earnings per share? $2.40 $4.10 $5.60 $6.60 $10.00 Builtrite had sales of $4,000,000. COGS totaled $1,400,000. Operating expenses were $1,100,000 and interest expense was $335,000. Stock purchased for $60,000 was sold 15 months later for $60,000. Management paid a $300,000 common stock dividend and a $100,000 preferred stock dividend. Builtrite also received $30,000 in dividend income. What is Builtrite'TMS taxable income? $1,158,000 $1,165,000 $1,174,000 $1,180,000 $1,189,000 Which of the following is important for ratio analysis? Industry standards or averages previous years ratios of the firm previous years industry standards for similar firms all of these are important The quick ratio of a firm would be unaffected by which of the following? a building is purchased and financed by a long-term debt issue inventories are sold for cash inventories are sold on a credit basis dividends are paid from cash none of these, since all of these would affect the quick ratio