Oriole Inc. presented the following data.Net income$2,340,000Preferred stock: 53,000 shares outstanding, $100 par, 8%cumulative, not convertible5,300,000Common stock: Shares outstanding 1/1692,400Issued for cash, 5/1321,600Acquired treasury stock for cash, 8/12-for-1 stock split, 10/1160,800Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)Earnings per share2.69

Oriole Inc. presented the following data. Net income $2.340,000 Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000 Common stock: Shares outstanding 1/1 692,400 321.600 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 160,800 Compute earnings per share. (Round answer to 2 decimal places, e.g. 52.55.) Earmings per share 2.69

Oriole Inc. presented the following data. Net income $2.340,000 Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000 Common stock: Shares outstanding 1/1 692,400 321.600 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 160,800 Compute earnings per share. (Round answer to 2 decimal places, e.g. 52.55.) Earmings per share 2.69

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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