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The Longmire Company recently reported net profits after taxes of $34.4 million. It has 3.6 million shares of common stock outstanding and pays preferred dividends

image text in transcribed The Longmire Company recently reported net profits after taxes of $34.4 million. It has 3.6 million shares of common stock outstanding and pays preferred dividends of $1.8 million per year. a. Compute the firm's earnings per share (EPS). b. Assuming that the stock currently trades at $59.88 per share, determine what the firm's dividend yield would be if it paid $1.56 per share to common stockholders. c. What would the firm's dividend payout ratio be if it paid $1.56 per share in dividends

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