Solution-Calculation of eps and retained earnings everdeen

Calculation of eps and retained earnings everdeen mining

Assignment Help Finance Basics

Reference no: EM13698346

Calculation of EPS and retained earnings Everdeen Mining, Inc., ended 2015 with a net profit before taxes of $436,000. The company is subject to a 40% tax rate andmust pay $64,000 in preferred stock dividends before distributing any earnings on the 170,000 shares of common stock currently outstanding.
a. Calculate Everdeen's 2015 earnings per share (EPS).
b. If the firm paid common stock dividends of $0.80 per share, how many dollars would go to retained earnings?

Reference no: EM13698346

Questions Cloud

Fear of a central authority : Discuss how the FED system takes care of the "fear of a central authority" and keeps the balance between public interest and private business.

Describe and examine theories of risk management : Write a 2-page paper in which you describe and examine theories of risk management and types of risk. You are required to use at least two journal articles and follow proper APA format.

What is the probability : A stock had returns of 8%, 14%, and 2% for the past three years. Based on these returns, what is the probability that this stock will earn at least 20% in any one given year?

Death at massey energy company : Please refer to the case, "Death at Massey Energy Company," at p. 450 of your textbook. Relying only on the facts described in the case, determine if Massey's management is morally responsible for the deaths of the 29 miners.

Calculation of eps and retained earnings everdeen mining : Calculation of EPS and retained earnings Everdeen Mining, Inc., ended 2015 with a net profit before taxes of $436,000. The company is subject to a 40% tax rate andmust pay $64,000 in preferred stock dividends before distributing any earnings on th..

Equilibrium wage and employment if the labor market : In a particular industry, labor supply is ES=20+w and labor demand is E D=60-4w, where E is the employment level and w is the hourly wage. What are the equilibrium wage and employment if the labor market is competitive?

Discuss the process of adjustment to the new equilibrium : Use a money supply and demand diagram to answer the following problem: Everything else being the same, what is the effect of an increase in interest rates on the price level? Discuss the process of adjustment to the new equilibrium.

What is the value of a long position in a one-year futures : 1. What is the value of a long position in a one-year futures or forward contract on a non-income paying financial asset with a current price of $100, where Rf is 5% and the contract price is $90? All else equal, what would a call option price t..

How does it compare with the parent wacc : A firm with a corporate wide debt-to-equity ratio of 1:2 an after-tax cost of debt of 7% and a cost of equity capital of 15% is interested in pursuing a foreign project. The debt capacity of the project is the same as for the company as a whol..

User Account

All Pages

Calculation of eps and retained earnings everdeen mining

Reference no: EM13698346

Reference no: EM13698346

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT