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Assume that all balance sheet amounts for Hiro Company represent average balance figures. Stockholders' Equity - common $400,000 Total stockholders' equity 800,000 Sales revenue 200,000
Assume that all balance sheet amounts for Hiro Company represent average balance figures. Stockholders' Equity - common $400,000 Total stockholders' equity 800,000 Sales revenue 200,000 Net income 88,000 Number of shares of common stock 43,000 Common stock dividends 20,000 Preferred stock dividends 2,000 Calculate the the earnings per share.. (Answer should be rounded to two decimal places, i.e. 1.957 would be entered as 1.96 )
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