Tau Corporation reported net income of $1,200,000, interest expense of $200,000, income tax expense of $300,000, and
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Question:
Tau Corporation reported net income of $1,200,000, interest expense of $200,000, income tax expense of $300,000, and preferred dividends of $50,000. Calculate the earnings available to common shareholders, the earnings per share if there are 150,000 shares outstanding, the dividend payout ratio if the company declared dividends of $400,000, and the retention ratio.
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