During the current year, Swade Corporation had 75,000 shares of $5 par value common stock and 10,000 shares of 6%, $25 par value preferred stock outstanding. Swade Corporation's net income is $399,000.
Compute the earnings per share for the year.

Question

During the current year, Swade Corporation had 75,000 shares of $5 par value common stock and 10,000 shares of 6%, $25 par value preferred stock outstanding. Swade Corporation's net income is $399,000. 
Compute the earnings per share for the year.

Quizplus · Accepted Answer

The Answer of During the current year, Swade Corporation had 75,000 shares of $5 par value common stock and 10,000 shares of 6%, $25 par value preferred stock outstanding. Swade Corporation's net income is $399,000. 
Compute the earnings per share for the year.

During the Current Year, Swade Corporation Had 75,000 Shares of $5