The net income of Hart Corporation amounted to $3,750,000 for the year ended December 31, 2017. There

Question:

The net income of Hart amounted to $3,750,000 for the year ended December 31, 2017. There were 200,000, $9.00 cumulative preferred shares throughout the year. At January 1, 2017, Hart had 270,000 common shares outstanding and issued 40,000 common shares on April 1. Then, on October 1, there was a 3-for-1 stock split of the common shares. Calculate Hart Corporation's EPS.
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...