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At December 31, 2017, Shulo Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 202,000 shares Common stock, $1 par, 4,000,000 shares
At December 31, 2017, Shulo Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 202,000 shares Common stock, $1 par, 4,000,000 shares $20,200,000 4,000,000 During 2017, Shulo did not issue any additional common stock. The following also occurred during 2017 Income from continuing operations before taxes$61,500,000 Discontinued operations (income before taxes) Preferred dividends declared Common dividends declared Effective tax rate 6,500,000 2,020,000 1,800,000 40% Instructions Compute earnings per share data as it should appear in the 2017 income statement of Shulo Corporation. (Round to two decimal places.)Step by Step Solution
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