Homework Help: Finance

Posted by Anonymous on Thursday, November 4, 2010 at 9:01pm.

Johnson Alarm Systems had 800,000 of retained earnings on December 31, 2008. the company paid common dividends of 60,000 in 2008 and had retained earnings of 640,000 on December 31, 2007.

how much did Johnson earn during 2008, and what would earnings per share be if 50,000 shares of common stock were outstanding?

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