at december 31 2019 schroeder se had the following shares outstanding 8 cumulative p 4137700

February 14, 2021/in Business Homework Help Online /by Joseph

At December 31, 2019, Schroeder SE had the following shares outstanding.

8% cumulative preference shares, €100 par, 107,500 shares……….€10,750,000

Ordinary shares, €5 par, 4,000,000 shares……………………………20,000,000

During 2019, Schroeder did not issue any additional shares. The following also occurred during 2019.

Income before income tax………………………………….€21,650,000

Discontinued operations (loss before taxes)………………….3,225,000

Preference dividends declared………………………………….860,000

Ordinary dividends declared………………………………….2,200,000

Effective tax rate……………………………………………………35%

Instructions

Compute earnings per share data as it should appear in the 2019 income statement of Schroeder SE. (Round to two decimal places.)

At December 31 2019 Schroeder SE had the following shares

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