Homework Answers
ANSWER A
| COMPUTATION OF EPS | ||
| NET PROFIT BEFORE TAX | $426000 | |
| TAX(21%) | ($89460) | |
| NET PROFIT AFTER TAX | $336540 | |
| PREFERENCE DIVIDEND | ($63500) | |
| EARNING AVIALABLE FOR SHAREHOLDER | $273040 | |
| NUMBER OF COMMON STOCK | 176000 | |
| EARNING PER SHARE($273040/176000) | $1.55 |
ANSWER B
RETAINED EARNING=( $1.55-$0.84)*176000=$124960
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