a. Calculate Everdeen's earnings per share (EPS). b. If the firm paid common stock dividends of $0.82 per share, how many dollars would go to retained earnings? a. The firm's EPS is $], (Round to the nearest cent.)

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Calculation of EPS and retained earnings Everdeen Mining, Inc., ended the year with net profits before taxes of $425,000. The company is subject to a 21% tax rate and must pay $65,500 in preferred stock dividends before distributing any
earnings on the 171,000 shares of common stock currently outstanding.
a. Calculate Everdeen's earnings per share (EPS).
b. If the firm paid common stock dividends of $0.82 per share, how many dollars would go to retained earnings?
.....
a. The firm's EPS is $
(Round to the nearest cent.)
Transcribed Image Text:Calculation of EPS and retained earnings Everdeen Mining, Inc., ended the year with net profits before taxes of $425,000. The company is subject to a 21% tax rate and must pay $65,500 in preferred stock dividends before distributing any earnings on the 171,000 shares of common stock currently outstanding. a. Calculate Everdeen's earnings per share (EPS). b. If the firm paid common stock dividends of $0.82 per share, how many dollars would go to retained earnings? ..... a. The firm's EPS is $ (Round to the nearest cent.)
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