Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Platinum Company reports net income of $570,000 for 2018 and declared a cash dividend of $1.3 per share on each of its 120,000 shares of

Platinum Company reports net income of $570,000 for 2018 and declared a cash dividend of $1.3 per share on each of its 120,000 shares of common stock outstanding. What are earnings per share for 2018?

$4.75 per share.

$6.05 per share.

$1.30 per share.

$3.45 per share.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial accounting

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

8th Edition

ISBN: 9780135114933, 136108865, 978-0136108863

More Books

Students also viewed these Accounting questions

Question

Are summer stipends available?

Answered: 1 week ago

Question

5. Give examples of binary thinking.

Answered: 1 week ago