on list K on 1 Gullo Company reported these figures for 2024 and 2023: (Click the icon to view the figures.) Read the requirements. on 2 on 3 Requirement 1. Compute Gullo Company's earnings per share for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) + Earnings per share Data table 2024 + 2023 Income Statement-partial: $ 25,300 $ 24,000 Net Income Dec. 31, 2024 Dec. 31, 2023 Balance Sheet-partial: $ 245,000 $ 275,000 Total Assets Paid-In Capital: Preferred Stock-10%, $13 Par Value; 75,000 shares $ authorized, 6,000 shares issued and outstanding 78,000 $ 78,000 Common Stock-$2 Par Value; 65,000 shares 70,000 70,000 authorized; 35,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity 19,000 19,000 67,500 50,000 $ 234,500 $ 217,000 - Requirements 1. Compute Gullo Company's earnings per share for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest cent. 2. Compute Gullo Company's price/earnings ratio for 2024. Assume the company's market price per share of common stock is $8. Round to two decimals. 3. Compute Gullo Company's rate of return on common stockholders' equity for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest whole percent. Print Done Clear all Check answer