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STU Corporation reported net income of $400,000, interest expense of $40,000, income tax expense of $100,000, and preferred dividends of $20,000. Calculate the earnings available
STU Corporation reported net income of $400,000, interest expense of $40,000, income tax expense of $100,000, and preferred dividends of $20,000. Calculate the earnings available to common shareholders, the earnings per share if there are 50,000 shares outstanding, the dividend payout ratio if the company declared dividends of $150,000, and the retention ratio.
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