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Theta Corporation reported net income of $800,000, interest expense of $100,000, income tax expense of $200,000, and preferred dividends of $50,000. Calculate the earnings available

Theta Corporation reported net income of $800,000, interest expense of $100,000, income tax expense of $200,000, and preferred dividends of $50,000. Calculate the earnings available to common shareholders, the earnings per share if there are 100,000 shares outstanding, the dividend payout ratio if the company declared dividends of $300,000, and the retention ratio.

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