Josiah,Inc.provides the following information for 2017:

The company has no preferred stock outstanding.Calculate the earnings per share for 2017.(Round your answer to two decimal places. )
A)$0.33 per share
B)$1.67 per share
C)$1.28 per share
D)$1.04 per share

Question

Josiah,Inc.provides the following information for 2017:

The company has no preferred stock outstanding.Calculate the earnings per share for 2017.(Round your answer to two decimal places. )
A)$0.33 per share 
B)$1.67 per share 
C)$1.28 per share 
D)$1.04 per share

Quizplus · Accepted Answer

C)
 11ea8a42_4f7b_3299_8b44_51e4f132320c_TB5024_00 * Earnings per share = (Net income - Preferred dividend)/ Weighted average number of common shares outstanding =
Average number of common shares outstanding = (150,000 + 240,000)/ 2
Average number of common shares outstanding = 195,000 shares

Josiah,Inc.provides the Following Information for 2017