In 2017, River brook Enterprises reported a net income of $45,000; net sales of $600,000; and average shares outstanding of 10,000. The company also paid $9,000 in preferred stock dividends. What was the earnings per share (EPS) for River brook Enterprises in 2017?

In 2017, River brook Enterprises reported a net income of $45,000; net sales of $600,000; and average shares outstanding of 10,000. The company also paid $9,000 in preferred stock dividends. What was the earnings per share (EPS) for River brook Enterprises in 2017?

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 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

What was the earnings per share for this financial accounting question?

In 2017, River brook Enterprises reported a net income of
$45,000; net sales of $600,000; and average shares
outstanding of 10,000. The company also paid $9,000 in
preferred stock dividends. What was the earnings per share
(EPS) for River brook Enterprises in 2017?

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