Question
Net sales revenue $177 000 Cost of sales 73 000 Gross profit $104 000 Operating expenses 55 000 Finance costs 7 000 Other expenses 15
Net sales revenue
$177 000
Cost of sales
73 000
Gross profit
$104 000
Operating expenses
55 000
Finance costs
7 000
Other expenses
15 000
Total expenses
$77 000
Profit before income tax
$27 000
Income tax expense (30%)
8 100
Profit from continuing operations
$18 900
Profit from discontinued operations, net of taxes
8 400
Profit for the year
$27 300
Ltd had
13000
ordinary shares issued for the whole of the year.
RAR
declared and paid preference dividends of
$3000
during the year.
Income tax of
30%
applies to all items.
Requirement
Show how
RAR
Ltd reported earnings per share data on its income statement.
Show how
RAR
Ltd reported earnings per share data on its income statement. (Round your answers to the nearest cent.)
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