Dog River Company has an operating profit of $281,500. Interest expense for the year was...
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Accounting
Dog River Company has an operating profit of $281,500. Interest expense for the year was $23,100; preferred dividends paid were $24,150; and common dividends paid were $112,800. The tax was $46,250. The Dog River Company has 40,000 shares of common stock outstanding.Â
a. Calculate the EPS and the common dividends per share for Dog River Company. (Round the final answers to 2 decimal places.) EPS $ Common dividends per share $Â
b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to the nearest whole number.)Â
c. What was the increase in retained earnings for the year? Increase in retained earnings $Â
d. If Dog's share price is $47.00 what is its price-earnings ratio (P/E)?
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