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calculate earnings per share based last problem solved. Need help on the formula on calculations. The following information is available for Blossom Corporation for the
calculate earnings per share based last problem solved. Need help on the formula on calculations.
The following information is available for Blossom Corporation for the year ended December 31,2022 : sales revenue $835, 000 , other revenues and gains $86,500, operating expenses $102,000, cost of goods sold $470,000, other expenses and losses $31,500, and preferred stock dividends $38,700. The company's tax rate was 20%, and it had 60,000 common shares outstanding during the entire year. (a) Prepare a corporate income statement. (List other revenues before other expenses.) Calculate earnings per share. (Round answer to 2 decimal places, e.g. 2.25.)Step by Step Solution
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