Refer to the data for Messier Inc. given in BE11-15. Messier reported a profit of $370,000. Messier

Question:

Refer to the data for Messier Inc. given in BE11-15. Messier reported a profit of $370,000. Messier also had 10,000 $2 cumulative preferred shares, on which the for the current year was declared and paid. Calculate the earnings per share.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...