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At December 31, 2019, 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, 2019, 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 2020, Shiga Naoya did not issue any additional common stock. The following also occurred during 2020.
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 | 17 | % |
Compute earnings per share data as it should appear in the 2020 income statement of Shiga Naoya Corporation.
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