Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Transcribed Image Text:Sheffield Corporation had 2025 net income of $1,175,000. During 2025, Sheffield paid
a dividend of $2 per share on 201,900 shares of preferred stock. During 2025,
Sheffield had outstanding 241,000 shares of common stock.
Compute Sheffield's 2025 earnings per share. (Round answer to 2 decimal places, e.g.
3.56.)
Earnings per share
per share
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