Question

Bramble Inc. presented the following data. Net income $2,540,000 Preferred stock: 54,000 shares outstanding, $100 par,...

Bramble Inc. presented the following data.

Net income $2,540,000
Preferred stock: 54,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,400,000
Common stock: Shares outstanding 1/1 718,800
   Issued for cash, 5/1 328,800
   Acquired treasury stock for cash, 8/1 165,600
   2-for-1 stock split, 10/1


Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer: Earnings per share $1.21

Explanation:

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Riverbed Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding, $100 par,...
Riverbed Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 816,000    Issued for cash, 5/1 322,800    Acquired treasury stock for cash, 8/1 136,800    2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share
Vaughn Inc. presented the following data. Net income $2,510,000 Preferred stock: 46,000 shares outstanding, $100 par,...
Vaughn Inc. presented the following data. Net income $2,510,000 Preferred stock: 46,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,600,000 Common stock: Shares outstanding 1/1 738,000    Issued for cash, 5/1 279,600    Acquired treasury stock for cash, 8/1 148,800    2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
Riverbed Inc. presented the following data. Net income $2,670,000 Preferred stock: 46,000 shares outstanding, $100 par,...
Riverbed Inc. presented the following data. Net income $2,670,000 Preferred stock: 46,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,600,000 Common stock: Shares outstanding 1/1 789,600    Issued for cash, 5/1 307,200    Acquired treasury stock for cash, 8/1 136,800    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  
Skysong Inc. presented the following data. Net income $2,350,000 Preferred stock: 52,000 shares outstanding, $100 par,...
Skysong Inc. presented the following data. Net income $2,350,000 Preferred stock: 52,000 shares outstanding, $100 par, 9% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 686,400    Issued for cash, 5/1 270,000    Acquired treasury stock for cash, 8/1 148,800    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
Cullumber Inc. presented the following data. Net income $2,350,000 Preferred stock: 52,000 shares outstanding, $100 par,...
Cullumber Inc. presented the following data. Net income $2,350,000 Preferred stock: 52,000 shares outstanding, $100 par, 9% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 686,400 Issued for cash, 5/1 270,000 Acquired treasury stock for cash, 8/1 148,800 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
Exercise 16-18 Cullumber Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding,...
Exercise 16-18 Cullumber Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 816,000 Issued for cash, 5/1 322,800 Acquired treasury stock for cash, 8/1 136,800 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
Sarasota Inc. presented the following data. Net income $2,530,000 Preferred stock: (47,000 shares outstanding, $100 par,...
Sarasota Inc. presented the following data. Net income $2,530,000 Preferred stock: (47,000 shares outstanding, $100 par, 8% cumulative, not convertible) 4,700,000 Common stock: Shares outstanding 1/1 777,600 Issued for cash, 5/1 308,400 Acquired treasury stock for cash, 8/1 146,400 2-for-1 stock split, 10/1 Compute earnings per share.
Metlock Inc. presented the following data. Net income $2,470,000 Preferred stock: 52,000 shares outstanding, $100 par,...
Metlock Inc. presented the following data. Net income $2,470,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 736,800    Issued for cash, 5/1 315,600    Acquired treasury stock for cash, 8/1 134,400    2-for-1 stock split, 10/1 Compute earnings per share.
Indigo Inc. presented the following data. Net income $2,670,000 Preferred stock: 55,000 shares outstanding, $100 par,...
Indigo 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 What is earnings per share?
On January 1, 2018, Sweet Corp. had 461,000 shares of common stock outstanding. During 2018, it...
On January 1, 2018, Sweet Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 124,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 104,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding Assume...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT