Mayan Company had net income of $38,250. The weighted-average common shares outstanding were 9,000. The company declared a $3,700 dividend on its noncumulative preferred stock. There were no other stock transactions. The company's basic earnings per share is:   Multiple Choice   $4.66.   $3.84.   $3.59.   $4.41.   $4.25.

Cornerstones of Financial Accounting
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Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 38MCQ
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Mayan Company had net income of $38,250. The weighted-average common shares outstanding were 9,000. The company declared a $3,700 dividend on its noncumulative preferred stock. There were no other stock transactions. The company's basic earnings per share is:

 

Multiple Choice
  •  

    $4.66.

  •  

    $3.84.

  •  

    $3.59.

  •  

    $4.41.

  •  

    $4.25.

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