Okra Snack Delights, Inc., has an operating profit of $210,000. Interest expense for the year was $30,000;

Question:

Okra Snack Delights, Inc., has an operating profit of $210,000. Interest expense for the year was $30,000; preferred dividends paid were $24,700; and common dividends paid were $36,000. The tax was $59,300. The firm has 16,000 shares of common stock outstanding.

a. Calculate the earnings per share and the common dividends per share.

b. What was the increase in retained earnings for the year?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...