Business, 14.10.2020 02:01 tiffcarina69

At December 31, 2019, Swifty Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par,108,636 shares $10,863,600 Common stock, $5 par, 4,075,400 shares 20,377,000 During 2020, Swifty did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $22,767,400 Discontinued operations (loss before taxes) $3,461,300 Preferred dividends declared $1,086,360 Common dividends declared $2,368,400 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2020 income statement of Swifty Corporation.

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At December 31, 2019, Swifty Corporation had the following stock outstanding. 10% cumulative preferr...