Elite Trailer Parks has an operating profit of $275,000. Interest expense for the year was $37,900; preferred dividends paid were $29,100; and common dividends paid were $41,500. The tax was $67,700. The firm has 16,400 shares of common stock outstanding. Required:
a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. (Round your answers to 2 decimal places.)
b. What was the increase in retained earnings for the year?

a. Earning per share

This is the amount due to shareholders divided by the common share number.

= Operating profit - Interest - Preferred divided - tax ) / No of commons shares

= (275,000 - 37,900 - 29,100 - 67,700) / 16,400

=  $8.55

Dividend per share

= Common dividend / Common stock

= 41,500 / 16,400

= $2.53

b. Increased in retained earnings = Profit - Interest - Preferred divided - tax - common dividend

= 275,000 - 37,900 - 29,100 - 67,700 - 41,500

= $98,800

Retained earnings will increase by $98,800

hello the answer is d

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3