oblem #18 of 22 Davis Co. reported the following items for the year ending December 31: $139,500 $39,500 $20,000 Net income Preferred dividends Common dividends Shares of common stock outstanding Shares of preferred stock outstanding 60,000 10,000 What is the earnings per share on common stock? a. $1.33 ob. $1.43 c. $2.33 od. $1.67 Problem #21 of 22 The numerator in the calculation of the ratio of fixed assets to long-term liabilities is a. Fixed Assets + Inventory. ob. Total Liabilities. c. Fixed Assets at Year-End. od. Average Fixed Assets. 16 17 18 19 20 21 22