Ringemup, Inc , had net income of $473,400 for its fiscal year ended October 31, 2010 During the year the company had outstanding 38,000 shares of $4 50, $50 par value preferred stock, and 105,000 shares of common stock Required Calculate the basic earnings per share of common stock for fiscal 2010...

Net income 473400 Less Dividends required on ...

Ringemup, Inc., had net income of $473,400 for its fiscal year ended October 31, 2010. During the

Question:

Ringemup, Inc., had net income of $473,400 for its fiscal year ended October 31, 2010. During the year the company had outstanding 38,000 shares of $4.50, $50 preferred stock, and 105,000 shares of .

Required:
Calculate the basic earnings per share of for fiscal 2010.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...