Answer:
The earnings per share and the common dividends per share for Elite Trailer Parks is $7.78 and $1.82 respectively.
Explanation:
The computation is shown below:
Earning per share = (Net income) ÷ (Number of shares)
where,
Net income = Operating profit - Interest expense - tax - preferred dividends
= $293,000 - $38,800 - $65,500 - $31,500
= $157,200
And, the number of shares are 20,200 shares
Now put these values to the above formula
So, the value would equal to
= ($157,200) ÷ (20,200 shares)
= $7.78 per share
Common Dividend per share = (Common dividend) ÷ (number of shares)
= ($36,900) ÷ (20,200 shares)
= $1.82 per share
