The Namleda Corporation has an income statement that indicates that Operating Income is $2,375,486 and pays interest of $100,000 and taxes of $900,000 The Corporation currently has 3 million shares of common stock outstanding and 1 million shares of preferred stock, which pays a dividend of $1 00 p...

The Namleda Corporation has an income statement that indicates that Operating Income is $2,375,486 and pays interest

Question:

The Namleda has an income statement that indicates that Operating Income is $2,375,486 and pays interest of $100,000 and taxes of $900,000. The currently has 3 million shares of outstanding and 1 million shares of preferred stock, which pays a of $1.00 per share. What is the corporation’s approximate Earnings per Share?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...