Shareholder Ratios Katrina Corp. is a publicly traded company on a large stock exchange. Katrina's financial statement
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Shareholder Ratios Katrina Corp. is a publicly traded company on a large stock exchange. Katrina's financial statement for 2018 and 2017 included the following data:
\section*{Required:}
Calculate Katrina's earnings per share as it would be reported on the 2018 statement of earnings.
\section*{Brief Exercise
Transcribed Image Text:
Net income Cash dividends paid on preferred shares Cash dividends paid on common shares Weighted average number of preferred shares outstanding Weighted average number of common shares outstanding 2018 2017 $140,000 $115,000 11,000 11,000 38,000 34,000 18,000 18,000 97,000 94,000
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Related Book For
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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