The net income of F.F.  Inc., amounted to $1,920.000 for the current year. a. Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of: 400,000 shares of $1 par value common stock and no preferred stock. 100,000 shares of 8 percent, $100 par value preferred stock and 300,000 shares of $5 par value common stock. b. Is the earnings per share figure computed inn part a (2) considered to be basic or diluted? Explain

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Q: National Company's net income last year was P500,000. The company has 150,000 shares of common stock…

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A: 1.

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A: Please find the answers to the above questions below:

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