Question
Martinez Corporation had 2017 net income of $1,017,000. During 2017, Martinez paid a dividend of $2per share on244,500shares of preferred stock. During 2017, Martinez had
Martinez Corporation had 2017 net income of $1,017,000. During 2017, Martinez paid a dividend of $2per share on244,500shares of preferred stock. During 2017, Martinez had outstanding176,000shares of common stock.
Compute Martinez's 2017 earnings per share.(Round answer to 2 decimal places, e.g. 3.56.)
Earnings per share$
per share
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
