Trenton Company has provided the following information: • Net income, $240,000;
• Preferred shares issued, 6,000;
• Average number of common stock shares issued, 24,000;
• Cash dividends declared and paid on common stock, $30,000;
• Market price per share, $36;
• Average treasury shares of common stock, 4,000.
What is Trenton's earnings per share?
A) $8.00.
B) $7.00.
C)$10.50.
D)$12.00.

Question

Quizplus · Accepted Answer

The Answer of Trenton Company has provided the following information: • Net income, $240,000;
• Preferred shares issued, 6,000;
• Average number of common stock shares issued, 24,000;
• Cash dividends declared and paid on common stock, $30,000;
• Market price per share, $36;
• Average treasury shares of common stock, 4,000.
What is Trenton's earnings per share?
A) $8.00.
B) $7.00.
C)$10.50.
D)$12.00.

Trenton Company Has Provided the Following Information: • Net Income