Dog River Company has an operating profit of $308,500. Interest expense for the year was...
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Dog River Company has an operating profit of $308,500. Interest expense for the year was $24,900; preferred dividends paid were $24,750; and common dividends paid were $63,600. The tax was $46,850. The Dog River Company has 40,000 shares of common stock outstanding. a. Calculate the EPS and the common dividends per share for Dog River Company. (Round the final answers to 2 decimal places.) b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) Payout ratio % c. What was the increase in retained earnings for the year? Increase in retained earnings $ d. If Dog's share price is $53.00 what is its price-earnings ratio (P/E) ? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price earning ratio times
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