Blossom Company reports the following information: Net income $748000 Dividends on common stock $211000 Dividends on...
Blossom Company reports the following information:
Net income $748000
Dividends on common stock $211000
Dividends on preferred stock $ 80000
Weighted average common shares outstanding 200000
Blossom should report earnings per share of
A)$2.69.
B)$3.34.
C)$2.29.
D)$3.74.
Homework Answers
Answer: B) $3.34
Earnings Per share = ( Net income - Preferred Dividend ) / Weighted Average Common Share
Earnings Per Share = ( 748,000-80,000) / 200,000= $3.34 (Answer)
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