Apples Inc. sales for 2021 were $4,00,000, and the cost of goods sold was 60%...
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Apples Inc. sales for 2021 were $4,00,000, and the cost of goods sold was 60% of sales. Selling and administrative expenses was $24,500 and depreciation cost were $10,000 for the year. The tax rate averaged 20 percent. Preferred dividend paid were $15,000; and common dividend were paid $30,000. The firm has 20,000 share of common stock outstanding. *A) Calculate Earning available to common stockholders of Apple Inc. (Note: Answer must be in number, ignore text, Coma; Example: 240)
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