TF.Y 10.00 points Problem 2-9 David's Magic Stores has an operating profit of $270,000. Interest expense for the year was $24,000; preferred dividends paid were $31,000; and common dividends paid were $49,000. The tax was $52,400 David's Magic Stores has 19,000 shares of common stock outstanding. a. Calculate the EPS and the common dividends per share for David's Magic Stores. (Round the final answers to 2 decimal places.) EPS Common dividends per share b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) ayout ratic c. What was the increase in retained earnings for the year? Increase in retained earnings $ 113600 d. If David's share price is $84.00 what is its price-earnings ratio (P/E)? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) nce earning ratio References eBook& Resources 18