17. Following data were taken from the records of Bassam Company for year 2020: Sales Revenues:$1,000,000; Rent revenues $6,000; Cost of Goods Sold $560,000, Selling expenses $70,000; Administrative...

17. Following data were taken from the<br>records of Bassam Company for year 2020:<br>Sales Revenues:$1,000,000; Rent revenues<br>$6,000; Cost of Goods Sold $560,000,<br>Selling expenses $70,000; Administrative<br>and General Expenses $90,000; Interest<br>expenses 20,000; Preference Shares<br>Dividends declared and paid $60,000;<br>Ordinary Shares Dividends declared and<br>paid $80,000; tax rate 25%; No. of common<br>shares outstanding 200,000 shares.<br>Calculate Earnings per share (round answer<br>to the nearest cent)?<br>

Extracted text: 17. Following data were taken from the records of Bassam Company for year 2020: Sales Revenues:$1,000,000; Rent revenues $6,000; Cost of Goods Sold $560,000, Selling expenses $70,000; Administrative and General Expenses $90,000; Interest expenses 20,000; Preference Shares Dividends declared and paid $60,000; Ordinary Shares Dividends declared and paid $80,000; tax rate 25%; No. of common shares outstanding 200,000 shares. Calculate Earnings per share (round answer to the nearest cent)?

Jun 09, 2022

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17. Following data were taken from the records of Bassam Company for year 2020: Sales Revenues:$1,000,000; Rent revenues $6,000; Cost of Goods Sold $560,000, Selling expenses $70,000; Administrative...

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