exercise 4-12

Project Description:

at december 31, 2011, schroeder corporation had the following stock outstanding.

8% cumulative preferred stock, $100 par, 108,140 shares $10,814,000
common stock, $5 par, 4,020,200 shares 20,101,000

during 2012, schroeder did not issue any additional common stock. the following also occurred during 2012.

income from continuing operations before taxes $21,831,000
discontinued operations (loss before taxes) 3,389,000
preferred dividends declared 865,120
common dividends declared 2,383,000
effective tax rate 35 %

compute earnings per share data as it should appear in the 2012 income statement of schroeder corporation.(round earnings per share to 2 decimal places, e.g. $1.48.)

earnings per share

________________ $______________
________________ -______________
________________ $______________
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Price Type: Negotiable

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