A company has a net income of $180,000, preferred dividends of $30,000, and 50,000 outstanding common shares. What is the earnings per share?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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Problem: Accounting

A company has a net income of $180,000, preferred dividends of
$30,000, and 50,000 outstanding common shares. What is the
earnings per share?
Transcribed Image Text:A company has a net income of $180,000, preferred dividends of $30,000, and 50,000 outstanding common shares. What is the earnings per share?
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