Shamrock Inc. presented the following data. Net income $2,670,000 Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,500,000 Common stock: Shares outstanding 1/1 822,000 Issued for cash, 5/1 302,400 Acquired treasury stock for cash, 8/1 162,000 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $enter earnings per share rounded to 2 decimal places
Shamrock Inc. presented the following data. Net income $2,670,000 Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,500,000 Common stock: Shares outstanding 1/1 822,000 Issued for cash, 5/1 302,400 Acquired treasury stock for cash, 8/1 162,000 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $enter earnings per share rounded to 2 decimal places
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Shamrock Inc. presented the following data.
Net income | $2,670,000 | |
5,500,000 | ||
Common stock: Shares outstanding 1/1 | 822,000 | |
Issued for cash, 5/1 | 302,400 | |
Acquired |
162,000 | |
2-for-1 stock split, 10/1 |
Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
Earnings per share |
$enter earnings per share rounded to 2 decimal places
|
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