Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

A corporation has 2000 shares, 10% preferred stock of $60.00 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $280,000. What is the earnings per share?
a. $140.00.
b. $35.00.
c. $33.50.
d. $60.00.

Sagot :

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.