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At December 31, 2011, Schroeder Corporation had the following stock outstanding. 8% cumulative preferred stock, $100 par, 107,674 shares $10,767,400 Common stock, $5 par, 4,090,740
At December 31, 2011, Schroeder Corporation had the following stock outstanding.
8% cumulative preferred stock, $100 par, 107,674 shares | $10,767,400 | |
Common stock, $5 par, 4,090,740 shares | 20,453,700 |
During 2012, Schroeder's did not issue any additional stock. The following also occurred during 2012.
Income from continuing operations before taxes | $25,384,600 | |
Discontinued operations (loss before taxes) | 3,235,800 | |
Preferred dividends declared | 861,392 | |
Common dividends declared | 2,378,200 | |
Effective tax rate | 35% |
Compute earnings per share data as it should appear in the 2012 income statement of Schroeder Corporation. (Round answers to 2 decimal place, e.g. 5.25. For negative numbers use either a negative sign preceding the number, e.g. -0.45 or parenthesis, e.g. (0.45).)
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