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A company reports the following: Net income $553,820 Preferred dividends $41,020 Shares of common stock outstanding 40,000 Market price per share of common stock $37.18
A company reports the following:
| Net income | $553,820 | |
| Preferred dividends | $41,020 | |
| Shares of common stock outstanding | 40,000 | |
| Market price per share of common stock | $37.18 |
Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
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Financial Accounting
Authors: Robert K. Eskew, Daniel L. Jensen
5th Edition
0070213550, 978-0070213555
