Question
At December 31, 2016, Shiga Naoya Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,500 shares $10,750,000 Common stock, $5 par,
At December 31, 2016, Shiga Naoya Corporation had the following stock outstanding.
| 10% cumulative preferred stock, $100 par, 107,500 shares | $10,750,000 | |
| Common stock, $5 par, 4,000,000 shares | 20,000,000 |
During 2017, Shiga Naoya did not issue any additional common stock. The following also occurred during 2017.
| Income from continuing operations before taxes | $23,650,000 | ||
| Discontinued operations (loss before taxes) | $3,225,000 | ||
| Preferred dividends declared | $1,075,000 | ||
| Common dividends declared | $2,200,000 | ||
| Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2017 income statement of Shiga Naoya Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
| Earnings Per Share | ||
|
| $
| |
|
|
| |
|
| $
|
Discontinued OperationsNet Income / (Loss)Income from Continuing Operations
Income from Continuing OperationsNet Income / (Loss)Discontinued Operations
Income from Continuing OperationsNet Income / (Loss)Discontinued Operations
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Mindful Brand Auditing The New Way To Explore Brand Value
Authors: Kurt Gassner
1st Edition
3987939176, 978-3987939174
