Question
Sidewinder, Inc., has sales of $686,000, costs of $341,000, depreciation expense of $86,000, interest expense of $51,000, and a tax rate of 23 percent. The
Sidewinder, Inc., has sales of $686,000, costs of $341,000, depreciation expense of $86,000, interest expense of $51,000, and a tax rate of 23 percent. The firm paid out $81,000 in cash dividends and has 37,600 shares of common stock outstanding.
a. What is the earnings per share, or EPS, figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a.Earnings per share
b.Dividends per share
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started