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QUESTION 13 Assume that all balance sheet amounts for Hiro Company represent average balance figures. Stockholders' Equity - common $460,000 Total stockholders' equity 800,000 Sales

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QUESTION 13 Assume that all balance sheet amounts for Hiro Company represent average balance figures. Stockholders' Equity - common $460,000 Total stockholders' equity 800,000 Sales revenue 200,000 Net income 76,000 Number of shares of common stock 20,000 Common stock dividends 20,000 Preferred stock dividends 7,000 Calculate the the earnings per share.. (Answer should be rounded to two decimal places, ie. 1957 would be entered as 1.96 )

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