During 2019, Koala Corporation had 160,000 shares of $15 par value common stock and 30,000 shares of 5%, $60 par value preferred stock outstanding. Koala Corporation's 2019 net income is $1,440,000.
Compute the primary earnings per share for 2019.

Question

During 2019, Koala Corporation had 160,000 shares of $15 par value common stock and 30,000 shares of 5%, $60 par value preferred stock outstanding. Koala Corporation's 2019 net income is $1,440,000. 
Compute the primary earnings per share for 2019.

Quizplus · Accepted Answer

The Answer of During 2019, Koala Corporation had 160,000 shares of $15 par value common stock and 30,000 shares of 5%, $60 par value preferred stock outstanding. Koala Corporation's 2019 net income is $1,440,000. 
Compute the primary earnings per share for 2019.

During 2019, Koala Corporation Had 160,000 Shares of $15 Par