The following information is available for Rubio Corporation for the year ended December 31 2017: Sales revenue $900000; Other revenues and gains $72000; Operating expenses $110000; Cost of goods sold $520000; Other expenses and losses $32000; Preferred stock dividends $30000. The company's tax rate was 20% and it had 40000 shares outstanding during the entire year.
Instructions

Calculate earnings per share.

Question

The following information is available for Rubio Corporation for the year ended December 31 2017: Sales revenue $900000; Other revenues and gains $72000; Operating expenses $110000; Cost of goods sold $520000; Other expenses and losses $32000; Preferred stock dividends $30000. The company's tax rate was 20% and it had 40000 shares outstanding during the entire year.
Instructions

Calculate earnings per share.

Quizplus · Accepted Answer

The Answer of The following information is available for Rubio Corporation for the year ended December 31 2017: Sales revenue $900000; Other revenues and gains $72000; Operating expenses $110000; Cost of goods sold $520000; Other expenses and losses $32000; Preferred stock dividends $30000. The company's tax rate was 20% and it had 40000 shares outstanding during the entire year.
Instructions

Calculate earnings per share.

The Following Information Is Available for Rubio Corporation for the Year