Brandon Fast Foods Inc. has operating profit of $210,000. The company has 16,000 common shares outstanding and

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Brandon Fast Foods Inc. has operating profit of $210,000. The company has 16,000 common shares outstanding and paid corporate taxes of $59,300. Interest expense for the year was $30,000, preferred dividends paid were $24,700, and common dividends paid of $36,000.
a. Compute EPS and common dividends per share.
b. Calculate the increase in retained earnings for the year.

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Related Book For  answer-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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