31. A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock The company's earnings per share on common stock is a. $5.50 b. $4.50 c. $7.50 d. $45.00 $200,000 $20,000 40,000 $45

31. A company reports the following: The company's earnings per share on common stock is a. $5.50 b. $4.50 c. $7.50 d. $45.00