A company reports the following:
$\begin{array}{lr}
\text { Net income } & \$ 150,000 \
\text { Preferred dividends } & \$ 10,000 \
\text { Shares of common stock outstanding } & 20,000 \
\text { Market price per share of common stock } & \$ 35
\end{array}$ Calculate the company's earnings per share on common stock.

Question

A company reports the following:
 $\begin{array}{lr}
\text { Net income } & \$ 150,000 \
\text { Preferred dividends } & \$ 10,000 \
\text { Shares of common stock outstanding } & 20,000 \
\text { Market price per share of common stock } & \$ 35
\end{array}$ Calculate the company's earnings per share on common stock.

Quizplus · Accepted Answer

The Answer of A company reports the following:
 $\begin{array}{lr}
\text { Net income } & \$ 150,000 \
\text { Preferred dividends } & \$ 10,000 \
\text { Shares of common stock outstanding } & 20,000 \
\text { Market price per share of common stock } & \$ 35
\end{array}$ Calculate the company's earnings per share on common stock.

A Company Reports the Following Calculate the Company's Earnings Per Share on Common Stock