At December 31, 2019, Skysong Corporation had the following stock outstanding.
|10% cumulative preferred stock, $100 par, 108,966 shares||$10,896,600|
|Common stock, $5 par, 4,044,060 shares||20,220,300|
During 2020, Skysong did not issue any additional common stock. The following also occurred during 2020.
|Income from continuing operations before taxes||$22,887,900|
|Discontinued operations (loss before taxes)||$3,284,900|
|Preferred dividends declared||$1,089,660|
|Common dividends declared||$2,204,300|
|Effective tax rate||35||%|
Compute earnings per share data as it should appear in the 2020 income statement of Skysong Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
Get Answers For Free
Most questions answered within 1 hours.