Question

5)Elite Trailer Parks has an operating profit of $224,000. Interest expense for the year was $35,100; preferred dividends paid were $28,900; and common dividends paid were $40,000. The tax was $62,500. The firm has 18,700 shares of common stock outstanding.  a.Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. (Round your answers to 2 decimal places.)       Earnings per share$     Common dividends per share$     b.What was the increase in retained earnings for the year?    Increase in

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