Reference no: EM132677842

Questions -

Q1) Crane Corporation had 2020 net income of $1,222,000. During 2020, Crane has not declared or paid any dividend on 93,000cumulative preferred shares. Crane also had 230,000 common shares outstanding during the year. The preferred shares pay an annual dividend of $3 per share. Calculate Crane's 2020 earnings per share.

Q2) Sandhill Corporation had 2020 net income of $1.4 million. During 2020, Sandhill paid a dividend of $8 per share on 103,000 preferred shares. Sandhill also had 150,000 common shares outstanding during the year. Calculate Sandhill's 2020 earnings per share.

Q3) Sunland Corporation had 2020 net income of $1,404,000. During 2020, Sunland has not declared or paid any dividend on 80,000non-cumulative preferred shares. Sunland also had 240,000 common shares outstanding during the year. Calculate Sunland's 2020 earnings per share.

Q4) Tamarisk Cosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company. ACI is preparing earnings per share data for 2020. The following is a summary of the activity for ACI during 2020: 540,000 common shares issued and outstanding at December 31, 2019103,000 common shares issued for cash on April 1, 2020Repurchased 64,800 common shares on June 1, 2020Two-for-one stock split on September 1, 2020. Calculate the weighted average number of shares outstanding for the year ended December 31, 2020.