Homework Answers
Answer -
Liberty's earnings per share = $1.62 per share
Calculation:
As per given information,
Net income = $4048
Preferred dividends = $0
Weighted average common shares outstanding or Common shares outstanding = 2500 shares
So,
Earnings per share = [(Net income - Preferred dividends) / Weighted average common shares outstanding
Earnings per share = [($4048 - $0) / 2500 shares]
Earnings per share = $1.6192 OR $1.62 per share
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