ents of Esper C orpora- The following information is taken from the current year

Question

ents of Esper C orpora- The following information is taken from the current year financial staten tion. (Dollar figures and shares of stock are in thousands.) The first three items are net of appli- cable income tax. The loss from continuing operations does not include the loss from lawsuit. . $ (8,4 Loss from lawsuit (considered unusual and infrequent).. . . . Loss from continuing operations Income from discontinued operations . . . .. Preferred stock dividend requirements . . . . . . . . .. Weighted-average number of shares of common stock outstanding ..$(16,026) 6,215 . . . . . . .. 2,778) . . . . .. .39,739 . . . Instructions Rearrange the items to present in good form the last portion of the income statement for Esper Corporation, beginning with "Loss from continuing operations." Calculate the amount of net loss per share for the period. (Do not calculate per-share amounts for subtotals, such as income from continuing operations. You are required to compute only a single earnings per share amount.) a. b.

Explanation / Answer

Figures in $, Thousands) (a) ESPER CORPORATION INCOME STATEMENT Loss from continuing operations       (16,026) Income from discontinued operations           6,215 Loss before extraordinary Items         (9,811) Loss from lawsuit (Considered unusual and infrequent)         (8,490) Net Loss       (18,301) (b) Net Loss           (18,301) Less: Preferred Dividend         (2,778) Net loss to equity holders           (21,079) ÷ Weighted av. No of common shares O/S 39739 EPS                (0.53)

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