Question 6

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Current Attempt in Progress At January 1, 2021. Sheffield Corporation had the following share capital: $2 Preferred shares, noncumulative, 500,000 shares authorized, 15600 shares issued Common shares, 1,000,000 shares authorized 10500 shares issued $610000 262500 $872500 On October 1, 2021, the company sold an additional 16000 common shares for proceeds of $224000. The corporation earned $144300 during the year and declared $31200 in dividends to preferred shareholders. Earnings per share for 2021 is (Round your answer to 2 decimal places.) O $9.95 O $5.45. O $7.80 O $6.62 Attempts: 0 of 1 used Submit Answer Save for later