Elite Trailer Parks has an operating profit of $256,000. Interest expense for the year was $33,800; preferred dividends paid were $31,800; and common dividends paid were $38,000. The tax was $66,400. The firm has 17,500 shares of common stock outstanding. a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. (Round your answers to 2 decimal places.) b. What was the increase in retained earnings for the year

Answer and Explanation:

The computation is shown below:

Operating profit $256,000

Less: interest expense -$33,800

EBT $222,200

Less : taxes -$66,400

Net income $155,800

a.EPS is

= Net income ÷ Common stock outstanding

= $155,800 ÷ 17500

= $8.90

Common dividend per share is

= Common dividends paid ÷ Common stock outstanding

 = $38000 ÷ 17500

= $2.17

b.Increase in retained earnings is

= Net income - Preferred dividends - Common dividends

= $155,800  - $31,800 - $38000

= $86,000

answer: i'd say the answer is d because the information system is the human already doing the activity.

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"