Price: $1.99
BE7-11 Additional information for Palpatine Inc. (BE7-10) is as follows.
Common shares outstanding Dividends on common stock
for the entire year 46,000 paid during the year $34,500
Given the information above and in BE7-10, compute Palpatine’s earnings per share.
Data from BE7-10
Gross profit $907,000 Net income $ 179,400
Income before income taxes 276,000 Net sales 1,652,000
Income from operations 240,000 Other revenues and gains 36,000
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