You own shares in Ammazone, an IT company, in Taxania, a country with a double taxation regime for all companies. After paying tax on the dividend you have $0.91 left. The dividend tax rate in Taxania is 27%. Prior to that, Ammazone had to pay tax of 15% on its earnings per share.

 

What was the earnings per share that Ammazone had available to distribute before any tax was paid?

Answer rating: 100% (QA)

To calculate the earnings per share EPS that Ammazone had available to distribute before any tax was ... View the full answer