Calculate the earnings per share & total amount of dividend

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Reference no: EM132063749

In the year just ended, MMM Inc. had sales of $6000 and incurred a cost of goods sold equal to $5500.

The firm's operating expenes were $160 and its increase in retained earnings was $30 for the year. There are currently 120 common shares outstanding and the firm pays $1.25 per share.

The firm has $800 in interest bearing debt ( Total liabilities) on which it pays 9% interest and total assets of $2000.

I. Assuming the firm's earnings are taxed at 30%, construct the firm's income statement.

II. Calculate the Earnings per share & total amount of dividends paid.

Reference no: EM132063749

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