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Exercise 4-13 At December 31, 2016, Sweet Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,077 shares $10,807,700 Common stock, $5
Exercise 4-13 At December 31, 2016, Sweet Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,077 shares $10,807,700 Common stock, $5 par, 4,061,760 shares 20,308,800 During 2017, Sweet did not issue any additional common stock. The following also occurred during 2017. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate $24,826,900 $3,327,700 $1,080,770 $2,134,800 35 % Compute earnings per share data as it should appear in the 2017 Income statement of Sweet Corporation. (Round answers to 2 decimal places, e.g. 1.48) Earnings Per Share Income from Continuing Operations Discontinued Operations Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work
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