drgee
Feb 2, 2013, 10:10 PM
6% perferred stock, $50 par value, authorized
100,340 shares, outstanding 90,340 shares $4,517,000
Common stock, $1 par, authorized and issued 10.14 million shares 10,140,000
Additional paid-in capital 20,650,500
Retained earnings $134,682,800
Net income 33,660,300 168,343,100 $203,650,600
Net income for 2012 reflects a total effective rate of 34%. Included in the net income figure is a loss of $12,221,400 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividenes of $271,020 wer declared and pain in 2012. Dividends of $1,400,000 were declared and paid to common stockholders in 2012.
Compute earnings per share data as it should appear on the income statement of Sosa Corp.
100,340 shares, outstanding 90,340 shares $4,517,000
Common stock, $1 par, authorized and issued 10.14 million shares 10,140,000
Additional paid-in capital 20,650,500
Retained earnings $134,682,800
Net income 33,660,300 168,343,100 $203,650,600
Net income for 2012 reflects a total effective rate of 34%. Included in the net income figure is a loss of $12,221,400 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividenes of $271,020 wer declared and pain in 2012. Dividends of $1,400,000 were declared and paid to common stockholders in 2012.
Compute earnings per share data as it should appear on the income statement of Sosa Corp.