Question
Exercise 4-10 The stockholders equity section of Nash Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 100,892 shares,
Exercise 4-10 The stockholders equity section of Nash Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 100,892 shares, outstanding 90,892 shares $4,544,600 Common stock, $1.00 par, authorized and issued 10,401,200 shares 10,401,200 Additional paid-in capital 20,533,000 Retained earnings $134,778,000 Net income 37,620,000 172,398,000 $207,876,800 Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $13,010,500 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $363,568 were declared and paid in 2017. Dividends of $1,094,700 were declared and paid to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Nash Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
Earnings Per Share Net Income / (Loss) $
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