Question
Current Attempt in Progress Presented below is financial information of the Wildhorse Corporation for 2025: Net sales $67,500,000 Cost of goods sold 46,500,000 Loss
Current Attempt in Progress Presented below is financial information of the Wildhorse Corporation for 2025: Net sales $67,500,000 Cost of goods sold 46,500,000 Loss on disposal of wholesale division 1,005,000 Interest revenue 157,500 Loss on operations of wholesale division 1,035,000 Selling and administrative expenses 12,300,000 Dividends declared on common stock 510,000 Write off of goodwill 1,170,000 Dividends declared on preferred stock 182,000 Gain on the sale of investments 240,000 The effective tax rate on all items is 20%. Wildhorse Corporation decided to discontinue its wholesale operations and and retain its manufacturing operations. On July 1, Wildhorse sold the wholesale operations. In 2025, there were 800,000 shares of common stock outstanding all year. Compute each of the following: (Round earnings per share answer to 2 decimal places, e.g. 5.25 and all other answers to O decimal places, e.g. 5,275.) 1. Income from operations $ 2. Income before income tax $ 3. Income from continuing operations $ 4. Net income $ 5. Earnings per share for net income $
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