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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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