Computing EPS [5-10 min]
Altar, Corp., earned net income of $118,000 for 2012. Altar’s books include the following figures:
Preferred stock, 3%, $50 par, 1,000 shares issued and outstanding......................... | $ 50,000 |
Common stock, $2 par, 53,000 issued......................................................................... | 106,000 |
Paid-in capital in excess of par—common ................................................................. | 460,000 |
Treasury stock, common, 1,200 at cost ...................................................................... | 24,000 |
Requirement
1. Compute Altar’s EPS for the year.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.