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The following information is available for Norman Corporation for the year ended December 31, 2017: sales revenue $750,000, other revenues and gains $80,000, operating expenses
The following information is available for Norman Corporation for the year ended December 31, 2017: sales revenue $750,000, other revenues and gains $80,000, operating expenses $100,000, cost of goods sold $460,000, other expenses and losses $30,000, and preferred stock dividends $25,000. The company's tax rate was 25%, and it had 45,000 shares outstanding during the entire year Prepare a corporate income statement. (List other revenues before other expenses.) NORMAN CORPORATION Income Statement Calculate earnings per share. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share
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