Benson Inc. had the following results for their operations last year: Operating income Interest expense...
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Benson Inc. had the following results for their operations last year: Operating income Interest expense Operating expenses Preferred dividends paid Common dividends paid Tax Rate Number of common shares outstanding Opening Retained Earnings Balance Share price 255,000 26,000 278,000 22.000 56,000 26% 26,000 79,000 57 a) Calculate the earnings per share (EPS) and the common dividend per share for Benson Inc. b) What was the payout ratio? c) What is the retained earnings balance at year end? d) What is its price-earnings ratio (P/E)? stion 2 (30 marks)
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