How much pre tax income must a company with a tax rate of 35% need to earn per share to pay out $2.35 per share?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 8MC: A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be...
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How much pre tax income must a company with a tax rate of 35% need to earn per share to pay out $2.35 per share?
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