Net income $318,000 Preferred dividends $18,000 Shares of common stock outstanding 40,000 Market price per share of common stock $64.5 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required.

Net income $318,000 Preferred dividends $18,000 Shares of common stock outstanding 40,000 Market price per share of common stock $64.5 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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