A company reports the following: Net income $911,700 Preferred dividends $67,530 Shares of common stock outstanding 57,000 Market price per share of common stock $42.95 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
A company reports the following: Net income $911,700 Preferred dividends $67,530 Shares of common stock outstanding 57,000 Market price per share of common stock $42.95 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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 | $911,700 | |
Preferred dividends | $67,530 | |
Shares of common stock outstanding | 57,000 | |
Market price per share of common stock | $42.95 |
Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
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