A company reports the following:   Net income $593,210   Preferred dividends $43,940   Shares of common stock outstanding 51,000   Market price per share of common stock $31.23 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. $fill in the blank 1

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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A company reports the following:

  Net income $593,210
  Preferred dividends $43,940
  Shares of common stock outstanding 51,000
  Market price per share of common stock $31.23

Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
$fill in the blank 1

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