Traxx Corporation reports net income for 2014 of $460,000. Traxx Corporation had 10,000 shares of $10 preferred shares outstanding for all of 2014. Traxx Corporation also had 50,000 common shares issued at $10 outstanding for all of 2014. Earnings per share is:

Question

Quizplus · Accepted Answer

The Answer of Traxx Corporation reports net income for 2014 of $460,000. Traxx Corporation had 10,000 shares of $10 preferred shares outstanding for all of 2014. Traxx Corporation also had 50,000 common shares issued at $10 outstanding for all of 2014. Earnings per share is:

Traxx Corporation Reports Net Income for 2014 of $460,000