Question

At December 31, 2010 and 2011, Funk & Noble Corporation had outstanding 820 million shares of common stock and 2 million shares of 8%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2010 or 2011. Net income for 2011 was $426 million. The income tax rate is 40%. Calculate earnings per share for the year ended December 31, 2011.



$1.99
Sales0
Views191
Comments0
  • CreatedJuly 11, 2013
  • Files Included
Post your question
5000