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Homet Motors reported $735,000 net income for the curtent yoar. Beginning common shates outstanding wore 110,000 . Homet also had to,000, bs nonconvertble, cumudative, 3t00

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Homet Motors reported $735,000 net income for the curtent yoar. Beginning common shates outstanding wore 110,000 . Homet also had to,000, bs nonconvertble, cumudative, 3t00 par value. per chare: (Round your answer to the nearest cent.) A. 56.57 8. 35.58 C. 55.07 D. $6.14 Chavobe Engineering had net income of $450,000 for the yeat. It declared $30,000 in preferted divdends on Docember 23 , it began the year with 360,000 camunon sharas outatancing. Oo Julf 1 , Charlole declared a 5% cormmon slock dividend. Compote the weighted - average common shares outstanding for the yoar: A. 800,000 B. 760,000 C. 890,000 D. 840,000

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