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
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Chapter15: Financial Statement Analysis
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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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