Question: What's the best way to solve this problem ?? Calculation of EPS and retained earnings Everdeen Mining, Inc., ended the year with net profits before

What's the best way to solve this problem ??

Calculation of EPS and retained earnings Everdeen Mining, Inc., ended the year with net profits before taxes of $450,000. The company is subject to a 21% tax rate and must pay $63,400 in preferred stock dividends before distributing any earnings on the 179,000 shares of common stock currently outstanding. a. Calculate Everdeen's earnings per share (EPS). b. If the firm paid common stock dividends of $0.76 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 $0.76 per share, the amount that would go to retained earnings is $ . (Round to the nearest dollar.)

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