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  1. business
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  3. submarine corp. earned net income of s168 200 and

Submarine Corp. earned net income of S168 200 and paid the minimum dividend to preferred...

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Accounting

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Submarine Corp. earned net income of S168 200 and paid the minimum dividend to preferred stockholders for 2024. Assume that there are no changes in common shares outstanding during 2024. Submarine's books include the following figures: (Click the icon to view the figures.) Read the requirements Requirement 1. Compute Submarine's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity.shrs = shares. Enter the earnings per share to the nearest cent) = Earnings per share ( Data Table $ 30,000 Preferred Stock-5%, $30 par value; 2,000 shares authorized, 1,000 shares issued and outstanding Common Stock-$2 par value; 95,000 shares authorized, 56,000 shares issued, 54,900 shares outstanding Paid-In Capital in Excess of Par-Common Treasury Stock-Common; 1,100 shares at cost 112.000 500.000 (22,000) Print Done

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