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

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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.

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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