Compute earnings per share data

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Question - Earnings per Share

At December 31, 2009, Schroeder Corporation had the following stock outstanding.

8% cumulative preferred stock, $100 par, 108,924 shares

$10,892,400

Common stock, $5 par, 4,039,040 shares

20,195,200

During 2010, Schroeder's did not issue any additional stock. The following also occurred during 2010.

Income from continuing operations before taxes

$28,753,800

Discontinued operations (loss before taxes)

3,247,400

Preferred dividends declared

871,392

Common dividends declared

2,300,100

Effective tax rate

35%

Compute earnings per share data as it should appear in the 2010 income statement of Schroeder Corporation.

Reference no: EM131790435

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