Carla Vista Corporation had 2020 net income of $1,870,500. During 2020, Carla Vista has not declared...
Carla Vista Corporation had 2020 net income of $1,870,500.
During 2020, Carla Vista has not declared or paid any dividend on
103,000 non-cumulative preferred shares. Carla Vista also had
290,000 common shares outstanding during the year.
Calculate Carla Vista’s 2020 earnings per share. (Round
answer to 2 decimal places, e.g. 15.25.)
| Earnings per share | $______________________ |
Homework Answers
Net Income = $1,870,500
common shares outstanding = 290,000
Earnings per share = Net Income / common shares outstanding
= 1,870,000/290,000
= $6.45
| Earnings per share | $6.45 |
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Carla Vista Corporation had 2020 net income of $1,870,500.
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