During 2019, Homewood Company had 50,000 shares of $30 par value common stock and 7,000 shares of 8%, $90 par value convertible preferred stock outstanding. Homewood Company's 2019 net income was $1,350,000.
Compute earnings per share for 2019.

Question

During 2019, Homewood Company had 50,000 shares of $30 par value common stock and 7,000 shares of 8%, $90 par value convertible preferred stock outstanding. Homewood Company's 2019 net income was $1,350,000. 
Compute earnings per share for 2019.

Quizplus · Accepted Answer

The Answer of During 2019, Homewood Company had 50,000 shares of $30 par value common stock and 7,000 shares of 8%, $90 par value convertible preferred stock outstanding. Homewood Company's 2019 net income was $1,350,000. 
Compute earnings per share for 2019.

During 2019, Homewood Company Had 50,000 Shares of $30 Par