Question: NEED FAST PLEASE!! Everdeen Mining, Inc., ended 2019 with net profits before taxes of . The company is subject to a tax rate and must

NEED FAST PLEASE!! Everdeen Mining, Inc., ended 2019 with net profits before taxes of . The company is subject to a tax rate and must pay in preferred stock dividends before distributing any earnings on the shares of common stock currently outstanding. a. Calculate Everdeen's 2019 earnings per share (EPS). b. If the firm paid common stock dividends of per share, how many dollars would go to retained earnings?

NEED FAST PLEASE!! Everdeen Mining, Inc., ended 2019 with net profits before

Calculation of EPS and retained earnings Everdeen Mining, Inc., ended 2019 with net profits before taxes of $429,000. The company is subject to a 21% tax rate and must pay $65,800 in preferred stock dividends before distributing any earnings on the 172,000 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.) b. If the firm paid common stock dividends of $0.82 per share, the amount that would go to retained earnings is $ (Round to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!