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Chanukah Incorporated reported the following information for 2021: Item Amount Net income $810,000 Common shares outstanding 319,000 Cash dividends on common stock (declared and paid)
Chanukah Incorporated reported the following information for 2021:
Item | Amount |
---|---|
Net income | $810,000 |
Common shares outstanding | 319,000 |
Cash dividends on common stock (declared and paid) | $147,000 |
Preferred shares outstanding | 332,000 |
Cash dividends on preferred stock (declared and paid) | $153,000 |
Tax rate | 40% |
What is Chanukah Incorporateds basic earnings per share for 2021, rounded to the nearest penny?
$1.01
$1.60
$2.25
$2.06
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