Pharrell, Inc., has sales of $604,000, costs of $254,000, depreciation expense o

Question

Pharrell, Inc., has sales of $604,000, costs of $254,000, depreciation expense of $61,500, interest expense of $28,500, and a tax rate of 35 percent. The firm paid out $45,500 in cash dividends and has 59,000 shares of common stock outstanding.

What is the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Earnings per share            $

What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Dividends per share           $  

Explanation / Answer

the earnings per share

=((604000-254000-61500-28500)*(1-35%))/59000

=2.86

the dividends per share figure=45500/59000

=0.77

the above is answer..

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