Earnings per share and retained earnings
Response to the following problem:
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.
a. Calculate the earnings per share and the common dividends per share.