Question
Based on the following information, calculate the earnings per share (EPS) of common stock. Earnings before interest and income tax $495,300 Dividends on preferred stock
Based on the following information, calculate the earnings per share (EPS) of common stock.
| Earnings before interest and income tax | $495,300 |
| Dividends on preferred stock | $6,600 |
| Interest on bonds | $10,300 |
| Income tax rate | 35% |
| Shares of common stock outstanding | 71,000 shares |
a.$2.36
b.$4.35
c.$2.46
d.$2.42
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Answer Earnings per share EPS of common stock b 435 Explanation Earnin...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
