Earnings per Share and Multiple-Step Income StatementThe following summarized data relate to Bowden Corporation’s current operations:  Sales revenue $745,000   Cost of goods sold 450,000   Selling expenses 58,000   Administrative expenses 72,000   Loss on sale of equipment 5,000   Income tax expense 64,000   Shares of common stock     Outstanding at January 1 15,000 shares Additional issued at May 1 7,000 shares Additional issued at November 1 2,000 shares RequiredPrepare a multiple-step income statement for Bowden Corporation for the year. Include earnings per share disclosure at the bottom of the income statement. Do not use negative signs with any of your answers below.  BOWDEN CORPORATIONIncome StatementFor the Year Ended December 31 Sales Revenue   Answer   Cost of Goods Sold   Answer   Gross Profit on Sales   Answer   Selling Expenses Answer     Administrative Expenses Answer   Answer   Operating Income   Answer   Loss on Sale of Equipment   Answer   Income before Taxes   Answer   Income Tax Expense   Answer   Net Income   Answer   Earnings per share of Common Stock   Answer

Earnings Per Share Calculati ons Informatlon Provlded: Common Shares Balance at the beginning of the ye ar On July 1, the company sold an additional 5,000,000 shares 8,000,000 shares Each share sold for $3.00 and had a par value of $ 0.10 Preferrred Shares Beginning of the Year End of the Year 50,000 150,000 Dividends pald to Preferred Shareholders Dividends pald to Common Sharehol ders 650, 000 1,000, 000 Ex ce pt from Income Statement Income from Continuing Operations 22,000, 000 Income from Discontinued Ope rations (aftertaxImpact) 2,100, 000 Net Income 24,100, 000 Requlred: Based on the Information provided above: 1 Prepare the Joumal entry to record the July 1 sale of shares 2 Calculate the welghted average common shares outstandi ng 3 Calculate e arnings pershare (as required). Note: Show your detal led calaulatlons.

Stockholder Profitability Ratios The following information pertains to Capital Corporation: Net income $2,420,000 Average common equity $18,250,000 Preferred stock, $10 par, 310,000 issued, 10% cumulative $3,100,000 Average common shares outstanding 675,000 Required: Calculate the return on common equity and the earnings per share.

Shiloh industries Retained earnings $497000 on the balance sheet $197000 of net income during the year Previous years balance sheet reported $445000 of retained earnings No shares were purchased or issued during the year If the company has $100000 shares outstanding what was their dividend per share?

None

Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net income Price per share Shares outstanding (millions) Stock options outstanding (millions) Stockholders' Equity Total Liabilities and Stockholders' Equity 2012 610.1 (500.2) 109.9 (40.5) (24.6) (3.6) 41.2 --- $16 10.2 126.6 2011 578.3 (481.9) 96.4 41.2 31.3 (25.1) (15.8) # 16.1 (5.5) 15.5 (5.3) 10.2 10.6 533.1 (39.0) (22.8) (3.3) 31.3 $15 8.0 0.2 502 63.6 386.7 Calculate Luther's price - earnings ratio (P/E) for the year ending December 31, 2012