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The net income of Monarch Skate Inc. amounted to $3,750,000 for the year ended December 31, 2020. There were 225,000, $10.00 cumulative preferred shares
The net income of Monarch Skate Inc. amounted to $3,750,000 for the year ended December 31, 2020. There were 225,000, $10.00 cumulative preferred shares throughout the year. At January 1, 2020, Monarch Skate had 300,000 common shares outstanding, and issued 44,000 common shares on April 1. Then, on October 1, there was a 3-for-1 stock split of the common shares. Calculate Monarch Skate Inc.'s EPS. Calculate the Monarch Skate Inc.'s EPS. (Round your final answer to the nearest cent.) Monarch Skate Inc.'s EPS is $
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