Question
Your answer is incorrect. Try again. The stockholders equity section of Novak Corporation appears below as of December 31, 2017. 8% preferred stock, $50par value,
Your answer is incorrect. Try again. | |
The stockholders equity section of Novak Corporation appears below as of December 31, 2017.
8% preferred stock, $50par value, authorized | ||
101,570shares, outstanding91,570shares | $4,578,500 | |
Common stock, $1.00 par, authorized and issued10,105,000shares | 10,105,000 | |
Additional paid-in capital | 20,982,000 | |
Retained earnings | $134,967,000 | |
Net income | 36,300,000 | 171,267,000 |
$206,932,500 |
Net income for 2017 reflects a total effective tax rate of34%. Included in the net income figure is a loss of $11,882,000(before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $366,280were declared and paid in 2017. Dividends of $957,200were declared and paid to common stockholders in 2017.
Compute earnings per share data as it should appear on the income statement of Novak Corporation.(Round answers to 2 decimal places, e.g. 1.48.)
Earnings Per Share |
Net Income / (Loss) |
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