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A corporation has 2000 shares, 10% preferred stock of $60.00 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $280,000. What is the earnings per share? a. $140.00. b. $35.00. c. $33.50. d. $60.00.

A corporation has 2000 shares, 10% preferred stock of $60.00 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $280,000. What is the earnings per share? a. $140.00. b. $35.00. c. $33.50. d. $60.00.

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A corporation has 2000 shares, 10% preferred stock of $60.00 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $280,000. What is the earnings per share? a. $140.00. b. $35.00. c. $33.50. d. $60.00.
Transcribed Image Text:A corporation has 2000 shares, 10% preferred stock of $60.00 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $280,000. What is the earnings per share? a. $140.00. b. $35.00. c. $33.50. d. $60.00.
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