Quantum Technology had $646,000 of retained earings on December 31, 20X2. The company paid common dividends of $34,800 in 20X2 and had retained earnings of $506,000 on December 31, 20X1. a. How much did Quantum Technology earn during 20X2? Earnings available to common stockholders b. What would earnings per share be if 42,100 shares of common stock were outstanding? Note: Round your answer to 2 decimal places. Earnings per share
Quantum Technology had $646,000 of retained earings on December 31, 20X2. The company paid common dividends of $34,800 in 20X2 and had retained earnings of $506,000 on December 31, 20X1. a. How much did Quantum Technology earn during 20X2? Earnings available to common stockholders b. What would earnings per share be if 42,100 shares of common stock were outstanding? Note: Round your answer to 2 decimal places. Earnings per share
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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