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Question: At December 31, 2020, Albrecht Corporation had outstanding 288,000 shares of common stock and 6,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2021, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2021. For the year ended December 31, 2021, Albrecht reported a net loss of $769,000.
Required: Calculate Albrecht's net loss per share for the year ended December 31, 2021. (Enter your answers in thousands. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.)
nbspnbspsales 153000nbspnbspvariable expenses48600nbspnbspcontribution margin104400nbspnbspfixed
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