A company reports the following:
Net income
$150,000
Preferred dividends
$10,000
Shares of common stock outstanding
20,000
Market price per share of common stock
$35
Calculate the company's earnings per share on common stock.

Question

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The Answer of A company reports the following:
Net income
$150,000
Preferred dividends
$10,000
Shares of common stock outstanding
20,000
Market price per share of common stock
$35
Calculate the company's earnings per share on common stock.

A Company Reports the Following