Reference no: EM132059602
Question - Coronado Inc. presented the following data.
Net income $2,370,000
Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000
Common stock: Shares outstanding 1/1 769,200
Issued for cash, 5/1 274,800
Acquired treasury stock for cash, 8/1 144,000
2-for-1 stock split, 10/1
Compute earnings per share.
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