Question
The stockholders equity section of Bramble Corp, as of December 31, 2017 is as follows: 9% preferred stock, $100 par value, authorized 100,000 shares, outstanding
The stockholders equity section of Bramble Corp, as of December 31, 2017 is as follows:
9% preferred stock, $100 par value, authorized | ||||
100,000 shares, outstanding 74,000 shares | $7,400,000 | |||
Common stock, $1 par, authorized and issued 7,500,000 shares | 7,500,000 | |||
Additional paid-in capital | 78,340,000 | |||
Retained earnings | 472,000,000 | |||
$565,240,000 |
Net income was $14,680,000 in 2017. This net income figure reflects a total effective tax rate of 35%. Included in the net income figure is a $5,000,000 (before tax) loss from an earthquake centered in a city where Bramble has a warehouse. Earthquakes are rare in that city. Preferred stock dividends of $666,000 were declared and paid in 2017. Bramble Corp. declared and paid dividends of $2,730,000 to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Bramble Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
Earnings Per Share | ||
Net Income / (Loss) | $enter Earnings Per Share in dollars rounded to 2 decimal places |
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