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Same Format for B and C please! Thanks :) EPS calculations Southland Industries has $75,000 of 5.9% (annual interest) bonds outstanding, 1,800 shares of preferred
Same Format for B and C please! Thanks :)
EPS calculations Southland Industries has $75,000 of 5.9% (annual interest) bonds outstanding, 1,800 shares of preferred stock paying an annual dividend of $4 per share, and 8,000 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. $24,800 b. $29,100 c. $35,000 a. Compute earnings per share (EPS) for EBIT of $24,800. Calculate the EPS below: (Round to the nearest dollar except for the EPS which should be rounded to three decimal places.) EBIT Less: Interest Net profits before taxes Less: Taxes Net profit after taxes Less: Preferred dividends Earnings available to common shareholders EPSStep by Step Solution
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