Josiah,Inc.provides the following information for 2017: $$\begin{array} { | l | l | }
\hline \text { Net income } & \$ 350,000 \
\hline \text { Market price per share of common stock } & \$ 50 \text { per share } \
\hline \text { Dividends paid } & \$ 180,000 \
\hline \text { Common stock outstanding at Jan. } 1,2017 & 160,000 \text { shares } \
\hline \text { Common stock outstanding at Dec. } 31,2017 & 250,000 \text { shares } \
\hline
\end{array}$$ The company has no preferred stock outstanding.Calculate the earnings per share for 2017.(Round your answer to two decimal places. )

Question

Josiah,Inc.provides the following information for 2017: $$\begin{array} { | l | l | } 
\hline \text { Net income } & \$ 350,000 \
\hline \text { Market price per share of common stock } & \$ 50 \text { per share } \
\hline \text { Dividends paid } & \$ 180,000 \
\hline \text { Common stock outstanding at Jan. } 1,2017 & 160,000 \text { shares } \
\hline \text { Common stock outstanding at Dec. } 31,2017 & 250,000 \text { shares } \
\hline
\end{array}$$ The company has no preferred stock outstanding.Calculate the earnings per share for 2017.(Round your answer to two decimal places. )

Quizplus · Accepted Answer

The Answer of Josiah,Inc.provides the following information for 2017: $$\begin{array} { | l | l | } 
\hline \text { Net income } & \$ 350,000 \
\hline \text { Market price per share of common stock } & \$ 50 \text { per share } \
\hline \text { Dividends paid } & \$ 180,000 \
\hline \text { Common stock outstanding at Jan. } 1,2017 & 160,000 \text { shares } \
\hline \text { Common stock outstanding at Dec. } 31,2017 & 250,000 \text { shares } \
\hline
\end{array}$$ The company has no preferred stock outstanding.Calculate the earnings per share for 2017.(Round your answer to two decimal places. )

Josiah,Inc The Company Has No Preferred Stock Outstanding