E4-13B (Earnings per Share) At December 31, 2013, Shulo Corporation had the following stock outstanding.
mujionostevoE4-13B (Earnings per Share) At December 31, 2013, Shulo Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 202,000 shares $20,200,000
Common stock, $1 par, 4,000,000 shares 4,000,000
During 2014, Shulo did not issue any additional common stock. The following also occurred during 2014.
Income from continuing operations before taxes $61,500,000
Discontinued operations (income before taxes) 6,500,000
Preferred dividends declared 2,020,000
Common dividends declared 1,800,000
Effective tax rate 40%
Instructions
Compute earnings per share data as it should appear in the 2014 income statement of Shulo Corporation.
(Round to two decimal places.)
- 10 years ago
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- e4-13.docx