Net Income, The Retained Earnings, Earning per share,the dividend per share?
ABC sells mobile phones, During the past year, the company's sales were $4 million. The cost of its goods sold came to $2 million, cash operating expenses were $400,000, depreciation expense was $100,000, and the firm paid $150,000 in interest on bank loans and it paid taxes at 35% tax rate. Also, the corporation paid $377,500 in the form of dividends to its own common stockholders that hold 500,000 shares
1-Calculate the corporation's Net Income.
2-Calculate The Retained Earnings.
3-Calculate the Earning per share.
4-Calculate the dividend per share.