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For 2008 orchard corp reported after-tax net income of

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For 2008, orchard corp reported after-tax net income of $5800000. During the year, the number of shares of stock outstanding remained constant at 10,000 at $100 par, 9% preferred stock and 400000 shares of common stock. The company's totals tockholders' equity was $23000000 at December 31, 2008. Orchard corps common stock was selling at %52 per share at teh end of its fiscal year. All dividends for the year had been paid, including $4.80 per share to common stockholders.

Reference no: EM13596708

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