Business, 31.05.2021 15:50 postorivofarms

Elite Trailer Parks has an operating profit of $200,000. Interest expense for the year was $10,000; preferred dividends paid were $18,750; and common dividends paid were $30,000. The tax was $61,250. The firm has 20,000 shares of common stock outstanding. Required:
a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks.
b. What was the increase in retained earnings for the year?

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Elite Trailer Parks has an operating profit of $200,000. Interest expense for the year was $10,000;...

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