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What was the increase in retained earnings for the year

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Reference no: EM132983869

Okra Snack Delights, Inc., has an operating profit of $210,000. Interest expense for the year was $30,000; preferred dividends paid were $24,700; and common dividends paid were $36,000. The tax was $59,300. The firm has 16,000 shares of common stock outstanding.

Problem a. Calculate the earnings per share and the common dividends per share.

Problem b. What was the increase in retained earnings for the year?

Reference no: EM132983869

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