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(Earnings per Share) At December 31, 2011, Schroeder Corporation had the following stock outstanding. 8% cumulative preferred stock, $100 par, 108,972 shares $10,897,200 Common stock,
(Earnings per Share) At December 31, 2011, Schroeder Corporation had the following stock outstanding. 8% cumulative preferred stock, $100 par, 108,972 shares $10,897,200 Common stock, $5 par, 4,050,900 shares 20,254,500 During 2012, Schroeder's did not issue any additional stock. The following also occurred during 2012. Income from continuing operations before taxes $27,241,900 Discontinued operations (loss before taxes) 3,371,500 Preferred dividends declared 871,776 Common dividends declared 2,365,300 Effective tax rate 35% Compute earnings per share data as it should appear in the 2012 income statement of Schroeder Corporation. (Round answers to 2 decimal place, e.g. 5.25. For negative numbers use either a negative sign preceding the number, e.g. -0.45 or parenthesis, e.g. (0.45).) Earnings per share Income from continuing operations $ ________________ Discontinued operations, net of tax = $ _________________ Net income $ _________________
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