Question: Problem 2-4 Per-Share Earnings and Dividends [LO 2] Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000,
![Problem 2-4 Per-Share Earnings and Dividends [LO 2] Sidewinder, Inc., has](https://s3.amazonaws.com/si.experts.images/answers/2024/09/66d5f4d820403_87966d5f4d7c0164.jpg)
Problem 2-4 Per-Share Earnings and Dividends [LO 2] Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a tax rate of 21 percent. The firm paid out $68,000 in cash dividends and has 35,000 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.) What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Earnings per share b. Dividends per share
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
