Earnings per Share A company reported net income during the year of $90,000 and paid dividends of

Question:

Earnings per Share A company reported net income during the year of $90,000 and paid dividends of $15,000 to its common stockholders and $10,000 to its preferred stockholders. During the year, 20,000 shares of common stock were outstanding and 10,000 shares of preferred stock were outstanding.

Required Compute earnings per share for the year.

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