Trenton Company has provided the following information: • Net Income, $340,000; • Preferred shares Issued, 7,000; • Weighted average number of shares of common stock Issued, 25,000; • Cash dividends declared and paid on common stock, $40,000; • Market price per share, $46; Weighted average number of treasury shares of common stock, 5,000. What is Trenton's earnings per share? $11.33. $17.00. $8.50. O $13.60.
Trenton Company has provided the following information: • Net Income, $340,000; • Preferred shares Issued, 7,000; • Weighted average number of shares of common stock Issued, 25,000; • Cash dividends declared and paid on common stock, $40,000; • Market price per share, $46; Weighted average number of treasury shares of common stock, 5,000. What is Trenton's earnings per share? $11.33. $17.00. $8.50. O $13.60.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Trenton Company has provided the following information:
• Net Income, $340,000;
• Preferred shares Issued, 7,000;
• Weighted average number of shares of common stock Issued, 25,000;
• Cash dividends declared and paid on common stock, $40,000;
• Market price per share, $46;
• Weighted average number of treasury shares of common stock, 5,000.
What is Trenton's earnings per share?
$11.33.
$17.00.
$8.50.
$13.60.
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