Question
The stockholders equity section of Hendly Corporation appears below as of December 31, 2017. 8% preferred stock, $50par value, authorized 100,000shares, outstanding90,000shares $4,500,000 Common stock,
The stockholders equity section of Hendly Corporation appears below as of December 31, 2017.
8% preferred stock, $50par value, authorized | ||
100,000shares, outstanding90,000shares | $4,500,000 | |
Common stock, $1.00 par, authorized and issued10,000,000shares | 10,000,000 | |
Additional paid-in capital | 20,500,000 | |
Retained earnings | $134,000,000 | |
Net income | 33,000,000 | 167,000,000 |
$202,000,000 |
Net income for 2017 reflects a total effective tax rate of34%. Included in the net income figure is a loss of $18,000,000(before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $360,000were declared and paid in 2017. Dividends of $1,000,000were declared and paid to common stockholders in 2017.
Compute earnings per share data as it should appear on the income statement of Hendly Corporation.(Round answers to 2 decimal places, e.g. 1.48.)
Earnings Per Share | |
Net Income / (Loss) | $ |
the solution ???
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