Wildhorse Inc. presented the following data.Net income $2,440,000Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000Common stock: Shares outstanding 1/1 784,800 Issued for cash, 5/1 312,000 Acquired treasury stock for cash, 8/1 151,200 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)Earnings per share $enter earnings per share rounded to 2 decimal places

The ratio analysis helps to analyze the financial statements of the business.

Answered: Wildhorse Inc. presented the following…

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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Wildhorse Inc. presented the following data.

Net income		$2,440,000
Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible		5,200,000
Common stock: Shares outstanding 1/1		784,800
Issued for cash, 5/1		312,000
Acquired treasury stock for cash, 8/1		151,200
2-for-1 stock split, 10/1

Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

$enter earnings per share rounded to 2 decimal places

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