During the year 2019, Howard industries reported net income of P1,000,000. The company declared and paid preferred stock dividends of P250,000. During the year 2019, Howard industries had a weighted average of 190,000 common shares outstanding. Find 2019 earnings per share.
During the year 2019, Howard industries reported net income of P1,000,000. The company declared and paid preferred stock dividends of P250,000. During the year 2019, Howard industries had a weighted average of 190,000 common shares outstanding. Find 2019 earnings per share.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![During the year 2019, Howard industries reported net income of
P1,000,000. The company declared and paid preferred stock dividends
of P250,000. During the year 2019, Howard industries had a weighted
average of 190,000 common shares outstanding.
Find 2019 earnings per share.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b1ee6bc-63fa-4a59-9fa3-b01c4ba62abb%2Ff17ec307-8527-41d0-ae63-21f89a8e30c9%2Frap9l1_processed.png&w=3840&q=75)
Transcribed Image Text:During the year 2019, Howard industries reported net income of
P1,000,000. The company declared and paid preferred stock dividends
of P250,000. During the year 2019, Howard industries had a weighted
average of 190,000 common shares outstanding.
Find 2019 earnings per share.
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