At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 760 million shares of...
At December 31, 2020 and 2021, Funk & Noble Corporation had
outstanding 760 million shares of common stock and 7 million shares
of 4%, $100 par value cumulative preferred stock. No dividends were
declared on either the preferred or common stock in 2020 or 2021.
Net income for 2021 was $788 million. The income tax rate is
25%.
Calculate earnings per share for the year ended December 31, 2021.
(Round your answer to 2 decimal places.)
Homework Answers
Preferred dividend = 7 million X $100 X 4% = 28 million
Common shares = 760 million shares
Earnings per share = ($788 million - $28 million) / 760 million shares = $1
Earnings per share = $1
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At December 31, 2020 and 2021, Funk & Noble Corporation had
outstanding 760 million shares of...
At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 760 million shares of...
At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 760 million shares of common stock and 7 million shares of 4%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2020 or 2021. Net income for 2021 was $788 million. The income tax rate is 25% Calculate earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.) Earnings per share
At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 640 million shares of...
At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 640 million shares of common stock and 4 million shares of 4%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2017 or 2018. Net income for 2018 was $464 million. The income tax rate is 40%. Calculate eamings per share for the year ended December 31, 2018. (Round your answer to 2 decimal places.) Earnings per share
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At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 760 million shares of common stock and 7 million shares of 4%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2020 or 2021. Net income for 2021 was $788 million. The income tax rate is 25% Calculate earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.) Earnings per share
At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 640 million shares of common stock and 4 million shares of 4%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2017 or 2018. Net income for 2018 was $464 million. The income tax rate is 40%. Calculate eamings per share for the year ended December 31, 2018. (Round your answer to 2 decimal places.) Earnings per share
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