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Hill Corp. had 600,000 shares of common stock outstanding on January 1, issued 900,000 shares on...

Hill Corp. had 600,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $2,940,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be

a. $3.28

b. $2.32

c. $2.80

d. $4.90

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Answer #1

Answer C $ 2.80 Earningd per share = earnings available to common stock holders / Weighted average no. of common shares outs

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