Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $357,050 $26,450 38,000 $25.23 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. T

Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $357,050 $26,450 38,000 $25.23 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. T

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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Question

EX.17-187.ALGO A company reports the following:
Net income
Preferred dividends
Shares of common stock outstanding
Market price per share of common stock
$357,050
$26,450
38,000
$25.23
Calculate the company's earnings per share on common stock. Round your answer to
the nearest cent.
I

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