For 2010, Stoneland Corporation reported a net income of $24,000; net sales of $400,000; and average shares outstanding of 6,000. There were $6,000 preferred stock dividends. What were the 2010 earnings per share?

For 2010, Stoneland Corporation reported a net income of $24,000; net sales of $400,000; and average shares outstanding of 6,000. There were $6,000 preferred stock dividends. What were the 2010 earnings per share?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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I need this question answer general Accounting

For 2010, Stoneland Corporation reported a net
income of $24,000; net sales of $400,000; and
average shares outstanding of 6,000. There were
$6,000 preferred stock dividends. What were the
2010 earnings per share?

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