A company reports the following: Net income $697,770 Preferred dividends $51,690 Shares of common stock outstanding 48,000 Market price per share of common stock $39.03 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. $fill in the blank 1

A company reports the following: Net income $697,770 Preferred dividends $51,690 Shares of common stock outstanding 48,000 Market price per share of common stock $39.03 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. $fill in the blank 1

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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Question

A company reports the following:

Net income	$697,770
Preferred dividends	$51,690
Shares of common stock outstanding	48,000
Market price per share of common stock	$39.03

Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
$fill in the blank 1

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