Barber Industries reported net sales of $92,000,net income of $32,000,dividends paid to preferred stockholders of $7,000,dividends paid to common stockholders of $10,000,average number of shares outstanding is 5,000.What is the earnings per share?
A) $18.40
B) $16.40
C) $6.40
D) $5.00
Correct Answer:
Verified
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