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  3. elite trailer parks has an operating profit of $30

Elite Trailer Parks has an operating profit of $307,000. Interest expense for the year was...

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Elite Trailer Parks has an operating profit of $307,000. Interest expense for the year was $32,000; preferred dividends paid were $31,600; and common dividends paid were $41,800. The tax was $65,100. The firm has 21,400 shares of common stock outstanding. a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. (Round your answers to 2 decimal places.) Earnings per share Common dividends per share b. What was the increase in retained earnings for the year? Increase in retained earnings The Rogers Corporation has a gross profit of $789,000 and $249,000 in depreciation expense. The Evans Corporation also has $789,000 in gross profit, with $46,600 in depreciation expense. Selling and administrative expense is $216,000 for each company. a. Given that the tax rate is 40 percent, compute the cash flow for both companies. Rogers Evans Cash flow b. Calculate the difference in cash flow between the two firms. Difference in cash flow

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