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16. Morgan Company reported the following information for the year ended December 31, 2019: Net income $ 600,000 60,000 90,000 Preferred dividends declared and paid Common dividends declared and paid Average common shares outstanding Ending market price per share Net sales 90,000 45 5,100,000 What was Morgan's earnings per share for 2019? a. $6.67 b. $6.00 c. $5.11 d. $0.15

16. Morgan Company reported the following information for the year ended December 31, 2019: Net income $ 600,000 60,000 90,000 Preferred dividends declared and paid Common dividends declared and paid Average common shares outstanding Ending market price per share Net sales 90,000 45 5,100,000 What was Morgan's earnings per share for 2019? a. $6.67 b. $6.00 c. $5.11 d. $0.15

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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16. Morgan Company reported the following information for the year ended December 31, 2019: Net income $ 600,000 60,000 90,000 Preferred dividends declared and paid Common dividends declared and paid Average common shares outstanding Ending market price per share Net sales 90,000 45 5,100,000 What was Morgan's earnings per share for 2019? a. $6.67 b. $6.00 c. $5.11 d. $0.15
Transcribed Image Text:16. Morgan Company reported the following information for the year ended December 31, 2019: Net income $ 600,000 60,000 90,000 Preferred dividends declared and paid Common dividends declared and paid Average common shares outstanding Ending market price per share Net sales 90,000 45 5,100,000 What was Morgan's earnings per share for 2019? a. $6.67 b. $6.00 c. $5.11 d. $0.15
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