Shamrock Company had net income of $30,000. The weighted-average ordinary shares outstanding were 8,000. The company declared a $2,700 dividend on its noncumulative, nonparticipating preference shares. There were no other share transactions. The company's earnings per share is:
A) $2.87.
B) $2.73.
C) $3.41.
D) $3.16.
E) $3.75.

Question

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The Answer of Shamrock Company had net income of $30,000. The weighted-average ordinary shares outstanding were 8,000. The company declared a $2,700 dividend on its noncumulative, nonparticipating preference shares. There were no other share transactions. The company's earnings per share is:
A) $2.87.
B) $2.73.
C) $3.41.
D) $3.16.
E) $3.75.

Shamrock Company Had Net Income of $30,000