Requirement 1. Compute AustinAustin Company's earnings per share for 20182018. Assume the company paid the minimum preferred dividend during 20182018. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 20182018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) ( - ) / = Earnings per share ( - ) / = Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All Check Answer Data Table 2018 2017 Income Statement—partial: Net Income $6,660 $20,000 Dec. 31, 2018 Dec. 31, 2017 Balance Sheet—partial: Total Assets $200,000 $265,000 Paid-In Capital: Preferred Stock—9%, $6 Par Value; 40,000 shares $24,000 $24,000 authorized, 4,000 shares issued and outstanding Common Stock—$1 Par Value; 30,000 shares 15,000 15,000 authorized; 15,000 shares issued and outstanding Paid-In Capital in Excess of Par—Common 26,000 26,000 Retained Earnings 54,500 50,000 Total Stockholders' Equity $119,500 $115,000
Requirement 1. Compute AustinAustin Company's earnings per share for 20182018. Assume the company paid the minimum preferred dividend during 20182018. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 20182018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) ( - ) / = Earnings per share ( - ) / = Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All Check Answer Data Table 2018 2017 Income Statement—partial: Net Income $6,660 $20,000 Dec. 31, 2018 Dec. 31, 2017 Balance Sheet—partial: Total Assets $200,000 $265,000 Paid-In Capital: Preferred Stock—9%, $6 Par Value; 40,000 shares $24,000 $24,000 authorized, 4,000 shares issued and outstanding Common Stock—$1 Par Value; 30,000 shares 15,000 15,000 authorized; 15,000 shares issued and outstanding Paid-In Capital in Excess of Par—Common 26,000 26,000 Retained Earnings 54,500 50,000 Total Stockholders' Equity $119,500 $115,000
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 4AP
Related questions
Question
Data Table
|
2018
|
2017
|
Income Statement—partial:
|
||
Net Income
|
$6,660
|
$20,000
|
|
Dec. 31, 2018
|
Dec. 31, 2017
|
Balance Sheet—partial:
|
||
Total Assets
|
$200,000
|
$265,000
|
Paid-In Capital:
|
|
|
|
$24,000
|
$24,000
|
authorized, 4,000 shares issued and outstanding
|
|
|
Common Stock—$1 Par Value; 30,000 shares
|
15,000
|
15,000
|
authorized; 15,000 shares issued and outstanding
|
|
|
Paid-In Capital in Excess of Par—Common
|
26,000
|
26,000
|
Retained Earnings
|
54,500
|
50,000
|
Total Stockholders' Equity
|
$119,500
|
$115,000
|
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