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Melrose manufacturing has net sales revenue of $782,000, costs of goods sold of 344,200, net income of $129,200, and preferred dividends of $11,000 during the
Melrose manufacturing has net sales revenue of $782,000, costs of goods sold of 344,200, net income of $129,200, and preferred dividends of $11,000 during the current year. at the beginning of the year, 499,000 shares of common stock were outstanding, and, at the end of the year, 539,000 shares of common stock were outstanding. a total of 2,000 preferred shares were outstanding throughout the year. the companys earnings per share for the current year is closests to:
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