Southland Industries has $60,000 of 5.2% ?(annual interest) bonds?outstanding, 1,800 shares of preferred stock paying an annual
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Southland Industries has $60,000 of 5.2% ?(annual interest) bonds?outstanding, 1,800 shares of preferred stock paying an annual dividend of $3 per?share, and 4,000 shares of common stock outstanding. Assuming that the firm has a 40% tax?rate, compute earnings per share?(EPS) for the following levels of?EBIT:
a. $25,500
b. $29,600
c. 34,500
HINT: ( Round to two decimal places + what you see in the picture you must solve like that)
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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