Quark Company earned $90,000 in income and paid cash dividends of $10,000 to preferred shareholders during the current year.Quark had 12,500 weighted-average shares of common stock outstanding for the year.Calculate the company's earnings per share.

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The Answer of Quark Company earned $90,000 in income and paid cash dividends of $10,000 to preferred shareholders during the current year.Quark had 12,500 weighted-average shares of common stock outstanding for the year.Calculate the company's earnings per share.

Quark Company Earned $90,000 in Income and Paid Cash Dividends