Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common stock outstanding during the year and issued 4,300 shares of $100 par value preferred stock. The preferred stock has a dividend of $8 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.
Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common stock outstanding during the year and issued 4,300 shares of $100 par value preferred stock. The preferred stock has a dividend of $8 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common stock outstanding during the year and issued 4,300 shares of $100 par value
Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.
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