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At December 31, 2013, Shiga Naoya Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,340 shares $10,934,000 Common stock, $5 par,
At December 31, 2013, Shiga Naoya Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 109,340 shares | $10,934,000 | |
Common stock, $5 par, 4,084,800 shares | 20,424,000 |
During 2014, Shiga Naoya did not issue any additional common stock. The following also occurred during 2014.
Income from continuing operations before taxes | $23,499,000 | ||
Discontinued operations (loss before taxes) | $3,280,000 | ||
Preferred dividends declared | $1,093,400 | ||
Common dividends declared | $2,448,000 | ||
Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2014 income statement of Shiga Naoya Corporation.
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