Earnings available for common stockholders

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Reference no: EM13115243

At the end 2005, the Long Life Light Bulb Company announced had produced a gross profit of $1 million. The company has also established that over the course of this year it has incurred $345,000 in operating expenses and $125,000 interest expenses. The company is subject to a 30 percent tax rate and has declared $57,000 total preferred stock dividends.

a)How much is the earnings available for common stockholders?

Reference no: EM13115243

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