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Carla Vista Limited reports profit of $517,500 and its weighted average number of common shares is 250,000. Carla Vista also has 25,000, $2.50 preferred shares.
Carla Vista Limited reports profit of $517,500 and its weighted average number of common shares is 250,000. Carla Vista also has 25,000, $2.50 preferred shares. (a) (b) Calculate earnings per share, if the preferred shares are cumulative and the dividend was not paid. (Round answer to 2 decimal places, e.g. 52.76.) Earnings per share $
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