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A corporation reported net income of $32,000, net sales of $500,000, average stockholders' equity of $1,000,000, and it paid $2,000 of dividends to preferred stockholders.
A corporation reported net income of $32,000, net sales of $500,000, average stockholders' equity of $1,000,000, and it paid $2,000 of dividends to preferred stockholders. Its average common shares outstanding is 12,000. How much was its earnings per share? $2.50 $2.67 O $4.00 O $16.67 $1.60
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