mlaursen
Jun 28, 2009, 12:49 PM
If Southland industries has $60,000 of 16% (annual interest) bonds outsanding, 1,500 shares of preferred stock paying an annual dividend of $ 5.00 per share and 4,000 shares of common stock outsanding. Assuming the firm has a 40% tax rate, compute the earnings per share (EPS) for the following levels of EBIT:
$24,600.00
$30,600.00
$35,000.00
$24,600.00
$30,600.00
$35,000.00