Casey Company reported the following for 2011:
Net sales: $220,000
Net income: $37,000
Market price per common share: $35.50
Preferred dividends paid: $4,100
Number of common shares: 10,000
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 2011:
Net sales: $220,000
Net income: $37,000
Market price per common share: $35.50
Preferred dividends paid: $4,100
Number of common shares: 10,000
What are the earnings per share for Casey Company (to the nearest cent)?

Casey Company Reported the Following for 2011