Net income | $ 1,375,000 |
Less: to Preferred stockholders | $ (192,500) |
Net income available to common stockholders | $ 1,182,500 |
2.
Net income available to common stockholders | / | Weighted average shares of common stock | = | Basic Earning per share |
$ 1,182,500 | / | 260,000 | = | 4.548076923 |
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Ecker Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its preferred...
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