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Southland Industries has $55,000 of 6% (annual interest) bonds outstanding, 1,400 shares of preferred stock paying an annual dividend of $6.00 per share, and 2,500
Southland Industries has $55,000 of 6% (annual interest) bonds outstanding, 1,400 shares of preferred stock paying an annual dividend of $6.00 per share, and 2,500 shares of common stock outsta iding. Assuming that the firm has a 28% tax rate, compute earnings per share (EPS) for EBIT value of $36,600. ... Calculate the EPS for EBIT value of $36,600 below: (Round to the nearest dollar except for the EPS which should be rounded to the nearest cent.) EBIT $ Less: Interest Net profits before taxes $ Less: Taxes (28%) $ Net profit after taxes Less: Preferred dividends Earnings available for common stockholders $ $ EPS (2,500 shares)
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