Essay
The balance sheet for Seuss Company at the end of the current fiscal year indicated the following: 
Income before income tax was $1,500,000 and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year.
Determine each of the following: 
Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places.
Correct Answer:
Verified
Correct Answer:
Verified
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