Corbett Co.has the following information available from its accounting records: The company has no preferred stock.What is the earnings per share?
A)$0.80
B)$8.00
C)$9.33
D)$11.20

Name: Corbett Co.has the following information available from its accounting records: The company has no preferred stock.What is the earnings per share? A)$0.80 B)$8.00 C)$9.33 D)$11.20
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Question

Corbett Co.has the following information available from its accounting records:  The company has no preferred stock.What is the earnings per share?
A)$0.80 
B)$8.00 
C)$9.33 
D)$11.20

Quizplus · Accepted Answer

EPS = (Net income − Preferred dividends)÷ Average number of common shares outstanding
= ($112,000 − $0)÷ 12,000 = $9.33