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

$

Homework Answers

Answer #1

Answer: Earnings per share $1.21

Explanation:

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