Lew Company's net income was $80,000 last year. The company has 20,000 shares of common stock and 5,000 shares of $100 par value, 7% preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The earnings per share of common stock was

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The Answer of Lew Company's net income was $80,000 last year. The company has 20,000 shares of common stock and 5,000 shares of $100 par value, 7% preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The earnings per share of common stock was

Lew Company's Net Income Was $80,000 Last Year