In 2008, Stills Corporation reported net income of $1,200,000. It declared and paid preferred stock dividends of

Question:

In 2008, Stills Corporation reported net income of $1,200,000. It declared and paid preferred stock dividends of $250,000. During 2008, Stills had a weighted average of 190,000 common shares outstanding. Compute Stllls’s 2008 earnings per share.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...