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Tom Company had net income of $900,000 for 20X1. 100,000 common shares were issued and outstanding on January 1. Preferred dividends declared and paid were
Tom Company had net income of $900,000 for 20X1. 100,000 common shares were issued and outstanding on January 1. Preferred dividends declared and paid were $80,000 for 20X1. 120,000 additional common shares were issued on April 1.
What are the earnings per share for 20X1?
- $9.00
- $4.74
- $4.32
- $4.09
- $3.73
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