A company reports the following:Net income $758,420Preferred dividends $56,180Shares of common stock outstanding48,000Market price per share of common stock$42.43Calculate the company's earnings per shareon common stock. Round your answer tothe nearest cent.2$

Preferred dividends refer to the cash dividends that a company pays out to its preferred…

Answered: Market price per share of common stock…

Market price per share of common stock $42.43 Calculate the company's earnings per shar on common stock. Round your answer to the nearest cent.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A company reports the following:
Net income $758,420
Preferred dividends $56,180
Shares of common stock outstanding
48,000
Market price per share of common stock
$42.43
Calculate the company's earnings per share
on common stock. Round your answer to
the nearest cent.
2$

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