Question
20. A company reports the following: Net income $478,710 Preferred dividends $35,460 Shares of common stock outstanding 45,000 Market price per share of common stock
20.
A company reports the following:
| Net income | $478,710 | |
| Preferred dividends | $35,460 | |
| Shares of common stock outstanding | 45,000 | |
| Market price per share of common stock | $28.56 |
Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
