Casey Company reported the following for 2010:
Net sales: $345,000
Net income: $29,600
Market price per common share: $35.50
Preferred dividends paid: $2,300
Number of common shares outstanding: 125,000
What are the earnings per share for Casey Company (to the nearest cent)?

Question

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The Answer of Casey Company reported the following for 2010:
Net sales: $345,000
Net income: $29,600
Market price per common share: $35.50
Preferred dividends paid: $2,300
Number of common shares outstanding: 125,000
What are the earnings per share for Casey Company (to the nearest cent)?

Casey Company Reported the Following for 2010