Question: Problem 2-4 Per-Share Earnings and Dividends [LO 2] Pharrell, Inc., has sales of $597,000, costs of $261,000, depreciation expense of $65,000, interest expense of $32,000,

Problem 2-4 Per-Share Earnings and Dividends [LO 2]

Pharrell, Inc., has sales of $597,000, costs of $261,000, depreciation expense of $65,000, interest expense of $32,000, and a tax rate of 35 percent. The firm paid out $42,000 in cash dividends and has 52,000 shares of common stock outstanding.

What is the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Earnings per share _______

What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Dividends per share $ ____

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