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Question: Elite Trailer Parks has an operating profit of $251,000. Interest expense for the year was $33,900; preferred dividends paid were $30,100; and common dividends paid were $44,700. The tax was $68,100. The firm has 25,700 shares of common stock outstanding.
a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. (Round your answers to 2 decimal places.)
b. What was the increase in retained earnings for the year?
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