The net income of Foster Furniture, Inc., amounted to $1,700,000 for the current year.   a. Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of 1. 400,000 shares of $1 par value common stock and no preferred stock. 2. 100,000 shares of 8 percent, $100 par value cumulative preferred stock and 300,000 shares of $5 par value common stock. b. Is the earnings per share figure computed in part a(2) considered to be basic or diluted?

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The net income reported on the income statement of Cutler Co. was $4,000,000. There were 500,000 shares of $10 par common stock and 100,000 shares of $2 preferred stock outstanding throughout the current year. The income statement included a gain on discontinued operations of $400,000 after applicable income tax. a. Determine the per- share figure for common  stock income before discontinue operation. round your answer to the nearest whole cent. $              Per share B. Determine the per- share figure got common stock for net income. Round your answe to the nearest whole cent  $             Per share

Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common stock outstanding during the year and issued 4,300 shares of $100 par value preferred stock. The preferred stock has a dividend of $8 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.

Brandies, Incorporated reported net income of $9.66 million. At the beginning of the year, 4.1 million shares of common stock were outstanding and at the end of the year, 4.3 million shares were outstanding. No dividends were declared. The EPS is: Multiple Choice $2.30. $2.25. $2.36. $1.15.

Can you answer dividend per share (b.) The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, Year 2, is as follows.     Stockholders’ Equity             Paid-in capital             Preferred stock, ? par value, 4% cumulative,             170,000 shares authorized, 47,000 shares issued and outstanding $ 705,000         Common stock, $12 stated value, 220,000 shares authorized, 47,000 shares issued and ?? shares outstanding   564,000         Paid-in capital in excess of par—Preferred   37,000         Paid-in capital in excess of stated value—Common   141,000         Total paid-in capital       $ 1,447,000   Retained earnings         320,000   Treasury stock, 3,000 shares         (33,000 ) Total stockholders’ equity       $ 1,734,000     Note: The market value per share of the common stock is $26, and the market value per share of the preferred stock is $19.   Required What is the dividend per share on the preferred…

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $3,112,575    $2,638,225    Net income 700,800   540,300   Dividends:           On preferred stock (11,200)   (11,200)     On common stock (54,750)   (54,750)   Retained earnings, December 31 $3,747,425    $3,112,575    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,863,160   $3,559,340   Cost of merchandise sold 1,516,210   1,394,910   Gross profit $2,346,950   $2,164,430   Selling expenses $731,580   $918,970   Administrative expenses 623,190   539,710   Total operating expenses $1,354,770   $1,458,680   Income from operations $992,180   $705,750   Other revenue and expense:…

Net income was $200,800 for the year. Throughout the year the company had outstanding 12,000 shares of $3.00, $100 par value preferred stock and 103,000 shares of common stock. Calculate basic earnings per share of common stock for the year. (Round "Earnings per share-basic" to 2 decimal places.)

PickApart Arts, Inc., had earnings of $565,300 for the year. The company had 55,000 shares of common stock outstanding during the year and issued 23,000 shares of $50 par value preferred stock. The preferred stock has a dividend of $2.10 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for PickApart Arts for the year. Round answer to two decimal places.$fill in the blank 1per share

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 59 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $2,490,300    $2,110,600    Net income 532,000   432,300   Dividends:           On preferred stock (7,000)   (7,000)     On common stock (45,600)   (45,600)   Retained earnings, December 31 $2,969,700    $2,490,300    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,055,050   $2,814,770   Cost of merchandise sold 1,160,700   1,067,840   Gross profit $1,894,350   $1,746,930   Selling expenses $610,240   $744,410   Administrative expenses 519,840   437,200   Total operating expenses $1,130,080   $1,181,610   Income from operations $764,270   $565,320   Other revenue and expense:…