Note: The assignment has a series of questions please insert your answers into this Word document (and show your work in this Word document) and upload the Word document. Alternatively, you may do all of your work in an Excel workbook and then upload the workbook in Excel your choice. Either way, your work should be clearly labelled.

This assignment has a number of questions that can be answered by using the Income Statement and Balance Sheet (for IPA Industries) which is included with this assignment. Each question is separate and independent of every other question so any changes you made to the financials has nothing to do with another question unless you are told to consider another question.

1) What is the firms earnings per share for this company?

2) What is the total amount of the preferred stock dividends that were paid?

3) If the company paid $2.00 per share, what is the total amount of the common stock dividends that were paid?

4) What is the payout ratio for the company?

Balance Sheet Income Statement