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Exercise 4-13 At December 31, 2019, Crane Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,612 shares $10,861,200 Common stock, $5
Exercise 4-13
At December 31, 2019, Crane Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 108,612 shares | $10,861,200 | |
Common stock, $5 par, 4,060,980 shares | 20,304,900 |
During 2020, Crane did not issue any additional common stock. The following also occurred during 2020.
Income from continuing operations before taxes | $24,647,300 | ||
Discontinued operations (loss before taxes) | $3,285,900 | ||
Preferred dividends declared | $1,086,120 | ||
Common dividends declared | $2,248,400 | ||
Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2020 income statement of Crane Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
Earnings Per Share
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