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(Solution Download) At December 31, 2013, Shiga Naoya Corporation had the following stock outstanding. 10% cumulative pr


 

 

 

 

 

 

 

 

At December 31, 2013, Shiga Naoya Corporation had the following

 

stock outstanding.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10% cumulative preferred stock, $100 par, 108,170 shares

 

 

$10,817,000

 

 

Common stock, $5 par, 4,055,000 shares

 

 

20,275,000

 

 


 

During 2014, Shiga Naoya did not issue any additional common stock.

 

The following also occurred during 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before taxes

 

 

$22,443,000

 

 

Discontinued operations (loss before taxes)

 

 

$3,287,000

 

 

Preferred dividends declared

 

 

$1,081,700

 

 

Common dividends declared

 

 

$2,276,000

 

 

Effective tax rate

 

 

35%

 

 


 

Compute earnings per share data as it should appear in the 2014

 

income statement of Shiga Naoya Corporation. (Round

 

answers to 2 decimal places, e.g. 1.48.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

Discontinued OperationsIncome from Continuing OperationsNet

 

Income / (Loss)

 

 

$

 

 

Discontinued OperationsIncome from Continuing OperationsNet

 

Income / (Loss)

 

 

Net Income / (Loss)Discontinued OperationsIncome from Continuing

 

Operations

 

 

$

 

 


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