Question

Homework: Chapter 3 HMWK Save Score: 0 of 1 pt 6 of 30 (19 complete) HW Score: 60%, 18 of 30 pts P3-4 (similar to) Question Help Calculation of EPS and retained earnings Everdeen Mining, Inc., ended 2019 with net profits before taxes of $434,000. The company is subject to a 21% tax rate and must pay $65,500 in preferred stock dividends before distributing any earnings on the 164,000 shares of common stock currently outstanding a. Calculate Everdeen's 2019 earnings per share (EPS). b. If the firm paid common stock dividends of $0.82 per share, how many dollars would go to retained earnings? a. The firm's EPS is $. (Round to the nearest cent.)

Answer 1

answert $ 434,000 ca) profit before taues Q1140 6) Tau @ 21 342860 Net income 65,500 6-) preferred stock 277360 Income available for equity stockeholders 164000 () shares of common stock outstanding EPS 1.69 (6) 277360 Income available for eqwty staceholders © Dividend paid to common stockholders (164000*0-82] = 134480 142880 Addition to Tetained earnings pit give upvote, Hope you get the answers Thank you