ig $20102-$ Parrott Summer $2024$

Tanner Ayers

$07/17/243$:$28$ PM

Assignment $-$ Chapters $12$ &

Question $10,$ EF$13-35($similar to$)$

HW Score: $81\mathrm{.}84\%,8\mathrm{.}18$ of $10$ points

Part $1$ of $2$

Points: $0$ of $1$

Faccio Academy Surplus had $30,000$ shares of common stock and $8,000$ shares of $10\%,$$$15$ par value preferred stock outstanding through December $31,2024.$ Income from continuing operations for $2024$ was $$471,000,$ and loss on discontinued operations $($net of income tax saving$)$ was $$6,000.$

Compute Faccio's earnings per share for $2024,$ starting with income from continuing operations. Round to the nearest cent. $($Enter all EPS amounts to the nearest cent, $$.$ XX$.$ Use parentheses or a minus sign for amounts reducing the income from continuing operations.$)$

Begin by selecting the formula to compute the earnings per share.

Earnings per share $=$

Annual dividend per share $$ Earnings per share

$($Net income $+$ Income tax expense $+$ Interest expense