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Question - Elite Trailer Parks has an operating profit of $307,000, interest expense for the year was $32,000; preferred dividends paid were $31,600; and common dividends paid were $41,800. The tax was $65,100. The firm has 21,400 shares of common stock outstanding.
Required -
a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks.
b. What was the increase in retained earnings for the year?
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