What was the earnings per share

Reference no: EM133290610

Case: You own shares in Ammazone, an IT company, in Taxania, a country with a double taxation regime for all companies. After paying tax on the dividend you have $0.91 left. The dividend tax rate in Taxania is 27%. Prior to that, Ammazone had to pay tax of 15% on its earnings per share.

What was the earnings per share that Ammazone had available to distribute before any tax was paid? (round to two decimal places at the end of the calculations)

Reference no: EM133290610

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