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Presented below is financial information of the Oriole Corporation for 2020. Gain on the sale of investments Net sales Cost of goods sold Loss
Presented below is financial information of the Oriole Corporation for 2020. Gain on the sale of investments Net sales Cost of goods sold Loss on disposal of wholesale division Interest revenue Loss on operations of wholesale division Selling and administrative expenses Dividends declared on common stock Write off of goodwill Dividends declared on preferred stock Effective tax rate on all items is 30% 320,000 90,000,000 62,000,000 1,340,000 210,000 1,380,000 16,400,000 680,000 1,560,000 240,000 Effective tax rate on all items is 30% Oriole Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1, Oriole sold the wholesale operations. During 2020, there were 900,000 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 0 decimal places, e.g. 5,275.) 1. Income from operations 2. 3. Income from continuing operations 4. Income before income tax 5. Net income Earnings per share
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