A company reports the following: Net income $758,420 Preferred dividends $56,180 Shares of common stock outstanding...

Question

Question

A company reports the following: Net income $758,420 Preferred dividends $56,180 Shares of common stock outstanding...

A company reports the following:

	Net income	$758,420
	Preferred dividends	$56,180
	Shares of common stock outstanding	48,000
	Market price per share of common stock	$42.43

Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
$

business accounting

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Answer 1

Answer #1

Earnings per share on common stock =

Net Income available to common stock holders / Shares of common stock outstanding

Net Income available to common stock holders = $758,420 - $56,180 = $702,240

Net Income available to common stock holders = $702,240

Earnings per share = $702,240 / 48,000 shares

Earnings per share = $14.63 per share

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Answer 2

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A company reports the following: Net income $758,420 Preferred dividends $56,180 Shares of common stock outstanding...

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A company reports the following: Net income $758,420 Preferred dividends $56,180 Shares of common stock outstanding...

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A company reports the following: Net income $615,000 Preferred dividends $35,000 Shares of common stock outstanding...

A company reports the following: Net income Preferred dividends $1,031,660 $76,420 52,000 $53.27 Shares of common...

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Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.

1. Given the following data: Net Income Preferred Dividends Common Dividends Common Shares Outstanding $500,000 40,000...

A company reports the following: Net income $758,420 Preferred dividends $56,180 Shares of common stock outstanding...

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Add Answer to: A company reports the following: Net income $758,420 Preferred dividends $56,180 Shares of common stock outstanding...

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A company reports the following: Net income $758,420 Preferred dividends $56,180 Shares of common stock outstanding...