A company reports the following: Net income $738,000 Preferred dividends $42,000 Shares of common stock outstanding 80,000 Market price per share of common stock $77.43 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of
A company reports the following: Net income $738,000 Preferred dividends $42,000 Shares of common stock outstanding 80,000 Market price per share of common stock $77.43 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company reports the following:
Net income $738,000
Preferred dividends $42,000
Shares of common stock outstanding 80,000
Market price per share of common stock $77.43
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.
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