Presented below are performance measure data from the income statement of Barton Company
Gross Profit 524,000
Operating Income 293,000
Income from Continuing Operations before Taxes 305,000
Income from Continuing Operations 232,000
Net Income 205,000
Barton has 100,000 shares of common stock outstanding. Prepare the summary schedule of earnings per share required by U.S. GAAP.
What will be an ideal response?
Answer:
Earnings per share:
Continuing Operations 2.32
Discontinued Operations (0.27)
Net Income 2.05
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