At December 31, 2013, Shiga Naoya Corp had the following stock outstanding: 10% cumulative preferred...
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At December 31, 2013, Shiga Naoya Corp had the following stock outstanding: 10% cumulative preferred stock, $100 par, 107,500 shares Common stock, $5 par, 4,000,000 shares outstanding During 2014, Shiga Naoya did not issue any new stock. The following also occurred during 2014. Income from continuing operations $23,650,000 Discontinued operations -- loss (net of taxes) ($3,225,000) Preferred dividends declared $ 1,075,000 Common dividends declared $ 2,200,000 Instructions: Compute earnings per share (EPS) for Shiga Naoya for: 1. Income from continuing operations 2. Discontinued operations -- loss (net of tax) 3. Net income NOTE: Round to the nearest cent. The discontinued operations loss is already negative. Don't enter the number as a negative number. 1. EPS -- income from continuing operations $ 2. EPS -- discontinued operations (net of tax) -- loss ($ 3. EPS -- net income $
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