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Presented below is financial information of the Crane Corporation for 2020. Gain on the sale of investments 448,000 Net sales 126,000,000 Cost of goods sold
Presented below is financial information of the Crane Corporation for 2020. Gain on the sale of investments 448,000 Net sales 126,000,000 Cost of goods sold 86,800,000 Loss on disposal of wholesale division 1,876.000 Interest revenue 294,000 h Loss on operations of wholesale division 1,932,000 Selling and administrative expenses 22,960,000 Dividends declared on common stock 952.000 Write off of goodwill 2,184,000 Dividends declared on preferred stock 336,000 Effective tax rate on all items is 35% Crane Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1. Crane sold the wholesale operations. During 2020, there were 1,000,000 shares of common stock outstanding all year. Compute each of the following (Round earnings per share answer to 2 decimal places, eg. 5.25 and all other answers to O decimal places.es 5,275.) 1. Income from operations 2 Income before income tax S 3. Income from continuing operations $ en 4. Net income 5. A Earnings per share
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