what is the "Earning per share on common stock"?

Obj. 3, 4, 5 PR 14-4B Measures of liquidity, solvency and profitability abilities The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel holders common stock was $119.70 on December 31, 20Y2. uity, 0.4 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 TEMPLATE ..$5,375,000 $4,545,000 900,000 925,000 6275000 $5470,000 Total Dividends: 45,000 45,000 50,000 95,000 On preferred stock 50,000 Retained earnings, December 31 $6,180,000 $5375,000 s Chapter 14 Financial Statement Analysis 721 Stargel Inc. For the Years Ended Sales December 31, 20Y2 and 20Y1 Cost of goods sold.... Selling expenses Administrative expenses Total operating expenses.. Income from operations 20Y2 20Y1 $9,400,000 5,350,0004,950,000 $4,650000 4,450,000 $ 2,000,000 $1,880,000 1,500,000 410,000 $3,500,000 $3,290,000 1,150,000 $1,160,000 150.000 140,000 Other expense (interest) Income before income tax Income tax expense Net income 1,300.000 $1,300,000 170.000 150,000 1,130,000 $1,150,000 . . . . 230,000 225,000 $ 900,000 $ 925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash. Marketable securities 500,000 400,000 1010,000 1,000,000 740,000 510,000 1,190,000 9 950,000 229,000 $3,690,000$3,089,000 2350000 2,300,000 3,740,000 3,366,000 Total current assets.. .. Property, plant, and equipment (net) . $9,780,000 $8,755,000 Liabilities 900,000$880,000 Long-term liabilities: . . .. 200,000 $ 1,500,000 1,500,000 $1,700,000 $1,500,000 Bonds payable, 10% $2,380,000 Total long-term liabilities Stockholders Equity 00,000 500,000 5,375,000 6,180,000 5 $7,180,000 $6,375,000 8,755,000 Common stock, $5 par.... Total stockholders'equity.... Total liabilities and stockholders' equity