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Business, 13.03.2020 23:36 mya9859

Flagstad Inc. presented the following data :

Net income $2,790,000
Preferred stock: 57,300 shares outstanding, $100 par, 9% cumulative, not convertible 5,730,000
Common stock: Shares outstanding 1/1 616,800
Issued for cash, 5/1 402,000
Acquired treasury stock for cash, 8/1 162,000

2-for-1 stock split, 10/1

Compute earnings per share. (Round answer to 2 decimal places, e. g. $2.55.)

Earnings per share

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Flagstad Inc. presented the following data :

Net income $2,790,000
Preferred sto...
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