In 2015, Esther Corporation reported a net income of $650,000. It declared and paid preferred stock dividends of $50,000 and common stock dividends of $60,000. During 2015, Esther had a weighted average of 150,000 common shares outstanding. Compute Esther's 2015 earnings per share. a. $1.95 b. $4.00 c. $5.00 d. None of the above.
In 2015, Esther Corporation reported a net income of $650,000. It declared and paid preferred stock dividends of $50,000 and common stock dividends of $60,000. During 2015, Esther had a weighted average of 150,000 common shares outstanding. Compute Esther's 2015 earnings per share. a. $1.95 b. $4.00 c. $5.00 d. None of the above.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter17: Synthesis And Extensions
Section: Chapter Questions
Problem 4E
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