At December 31, 2016, Oriole Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 108,506 shares $10,850,600
Common stock, $5 par, 4,024,760 shares 20,123,800
During 2017, Oriole did not issue any additional common stock. The following also occurred during 2017.
Income from continuing operations before taxes $23,480,400
Discontinued operations (loss before taxes) $3,292,300
Preferred dividends declared $1,085,060
Common dividends declared $2,210,000
Effective tax rate 35 %
Compute earnings per share data as it should appear in the 2017 income statement of Oriole Corporation. (Round answers to 2 decimal places, e. g. 1.48.)
Earnings Per Share
At December 31, 2016, Oriole Corporation had the f Net Income / (Loss)Income from Continuing OperationsDiscontinued OperationsAt December 31, 2016, Oriole Corporation had the f Income from Continuing OperationsNet Income / (Loss)Discontinued OperationsAt December 31, 2016, Oriole Corporation had the f Discontinued OperationsNet Income / (Loss)Income from Continuing Operations
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At December 31, 2016, Oriole Corporation had the following stock outstanding.
10% cumulative prefer...
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