Question
On December on December 31st 2017 Dow Steel Corporation had 630 thousand shares of common stock and 33000 shares of 7% done cumulative non convertible
On December on December 31st 2017 Dow Steel Corporation had 630 thousand shares of common stock and 33000 shares of 7% done cumulative non convertible preferred stock issued and outstanding. Dow is shooting 4% common stock dividend on May 15th and paid cash dividends of $430,000 and $72,000 to Common and preferred shareholders respectively on December 15th 2018. On February 28th 2018 Del Sol 54000, shares. In keeping with its long-term share repurchase plan 2000 shares were retired on July 1st. Dow's net income for the year ended December 31st 2018 was 2250000 dollars the income tax rate is 40%.
Compute compute Dow's earnings per share for the year ended December 31st 2018 enter your answers in thousands
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started