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Determine the increase in retained earnings for the year

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Reference no: EM132482270

Dover river company has current operating profit of $320000 before taxes. Interest expense is $ 23000, dividends paid on preferred shares were $34900 and common dividends paid of $35000. The company paid taxes of $92100. This company has 25000 outstanding common shares.

Question a. calculate EPS and common dividends per share

Question b. calculate the payout ratio

Question c. Determine the increase in retained earnings for the year

Question d. if the share price is $30.60, calculate the price earnings ratio.

Reference no: EM132482270

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