Question
3. Excel Corporation had net earnings of $500,000. It paid $125,000 in dividends to the preferred shareholders. Excel Corporation had a weighted average of 1,500,000
3. Excel Corporation had net earnings of $500,000. It paid $125,000 in dividends to the preferred shareholders. Excel Corporation had a weighted average of 1,500,000 common shares and 250,000 preferred shares. Excel Corporation's earnings per share was:
Answer ($0.25)
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
