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how do i calculate earnings per share section? and please show how you got to the answer For the year ended December 31, Southern Supply
how do i calculate earnings per share section? and please show how you got to the answer
For the year ended December 31, Southern Supply had net sales of $7,210,000. costs and other expenses (including income tax) of $6,200,000, and a gain from discontinued operations (net of income tax) of $420,000 a. Prepare a condensed income statement (including earnings per share), assuming that 910,000 shares of common stock were outstanding throughout the year. b. Which earnings per share figure would you recommend be used to compute the price-earnings ratio for Southern Supply? Complete this question by entering your answers in the tabs below. Required A Required B Prepare a condensed income statement (including earnings per share), assuming that 010,000 shares of common stock were outstanding throughout the year. (Round Earnings per share of common stock to 2 decimal places.) SOUTHERN SUPPLY Income Statement For the Year Ended December 31, Current Year Net sales 7210.000 Loss Costs and expenses 6,200,000 income from continuing operations 1010 000 Gain from discontinued operations, net of income tax 420.000 Not income $ 1.430,000 Earnings per share Earnings from continuing operations Earnings from discontinued operations Net earnings Required B > Step by Step Solution
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