Question
Sweet Inc. presented the following data. Net income$2,490,000Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible5,200,000Common stock: Shares outstanding 1/1703,200 Issued for cash,
Sweet Inc. presented the following data.
Net income$2,490,000Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible5,200,000Common stock: Shares outstanding 1/1703,200 Issued for cash, 5/1320,400 Acquired treasury stock for cash, 8/1139,200 2-for-1 stock split, 10/1
Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
Earnings per share
$enter earnings per share rounded to 2 decimal places
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th edition
978-1118953815, 978-1118953907
