Earning per Share At December 31, 2009. Schroeder Corporation had the following shares outstanding.
8% cumulative preference shares, €100 par, 107,500 shares........ €10,750,000
Ordinary shares, €5 par, 4,000,000 shares.............. 20,000,000
During 2010, Schroeder did not issue any additional ordinary shares. The following also occurred during 2010.
Income from continuing operations................ €21,650,000
Discontinued operations (loss before taxes............. 3,225,000
Preference dividends declared.................. 860,000
Ordinary dividends declared................... 2,200,000
Effective tax rate....................... 35%
Instructions
Compute earnings per share data as it should appear in the 2010 income statement of Schroeder Corporation. (Round to two decimal places)