During 2019, Fabulous Shoe Corporation had 75,000 shares of $10 par value common stock and 10,000 shares of 6%, $50 par value preferred stock outstanding. Fabulous Shoe Corporation's 2019 net income is $798,000.
Compute the earnings per share for 2019.

Question

During 2019, Fabulous Shoe Corporation had 75,000 shares of $10 par value common stock and 10,000 shares of 6%, $50 par value preferred stock outstanding. Fabulous Shoe Corporation's 2019 net income is $798,000. 
Compute the earnings per share for 2019.

Quizplus · Accepted Answer

The Answer of During 2019, Fabulous Shoe Corporation had 75,000 shares of $10 par value common stock and 10,000 shares of 6%, $50 par value preferred stock outstanding. Fabulous Shoe Corporation's 2019 net income is $798,000. 
Compute the earnings per share for 2019.

During 2019, Fabulous Shoe Corporation Had 75,000 Shares of $10