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At January 1, 2021, Sheffield Corporation had the following share capital: $ 690000 $ 2 Preferred shares, noncumulative. 500.000 shares authorized, 16000 shares issued Common
At January 1, 2021, Sheffield Corporation had the following share capital: $ 690000 $ 2 Preferred shares, noncumulative. 500.000 shares authorized, 16000 shares issued Common shares. 1.000.000 shares authorized 11000 shares issued 275000 $ 965000 On October 1, 2021, the company sold an additional 24000 common shares for proceeds of $ 336000. The corporation earned $ 154700 during the year. Assuming no dividends were declared or paid in 2021 to either preferred of common shareholders, earnings per share for 2021 would be (Round your answer to 2 decimal places.) O $6.76. O $ 9.10. O $5.33. O $7.22. Save for Later Attempts: 0 of 1 used Submit Answer The following selected information has been provided from the December 31, 2021 year-end results of Ayayai Company: Revenues - $ 1724000: Operating Expenses - $ 956000; Interest Expense - $ 60000; Income Tax Expense - $ 216900. The interest coverage ratio for Ayayal Company at December 31, 2021 would be O 8.2 times. O 9.2 times. O 11.8 times. O 12.8 times. Save for Later Attempts: 0 of 1 used Submit Answer Vaughn Ltd. had 264000 common shares outstanding at January 1. The company issued 45000 shares on June 1, issued 18000 shares on September 30, and reacquired 24000 shares on December 1. The weighted average number of shares for the year would be 292750. O 263250 O 303000. O 215250 Save for Later Attempts: 0 of 1 used Submit
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