| Author: | Homework Help Classof1 | ISBN: | 1230000117558 |
| Publisher: | Classof1 | Publication: | March 26, 2013 |
| Imprint: | Language: | English |
| Author: | Homework Help Classof1 |
| ISBN: | 1230000117558 |
| Publisher: | Classof1 |
| Publication: | March 26, 2013 |
| Imprint: | |
| Language: | English |
"Southland Industries has $60,000 at 16% (annual interest) bonds outstanding, 1,500 shares of preferred stock paying an annual dividend of $5 per share, and 4,000 shares of common stock outstanding. Assuming that the firm has a 40% tax rate, compare Earnings per share (EPS) for the following levels of EBIT:
a) $24,600
b) $30,600
c) $35,000
"
"Southland Industries has $60,000 at 16% (annual interest) bonds outstanding, 1,500 shares of preferred stock paying an annual dividend of $5 per share, and 4,000 shares of common stock outstanding. Assuming that the firm has a 40% tax rate, compare Earnings per share (EPS) for the following levels of EBIT:
a) $24,600
b) $30,600
c) $35,000
"
