December 31, 2021, 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 2022, Schroeder did not issue any additional shares. The following also occurred during 2022.
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 2022 income statement of Schroeder SE. Round to two decimal places.
