Homework Answers
| Answer: |
| Preferred Stock dividend = $ 5,760,000 x 8% = $ 460,800 |
|
Earnings per share = (Net Income (-) Preferred Stock dividend ) / Common Shares Outstanding = ( $ 42,240,000 (-) $ 460,800 ) / 12,800,000 = $ 41,779,200 / 12,800,000 = $ 3.26 per Share |
| Earnings per share = $ 3.26 per Share |
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#8
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2020.
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decimal places, e.g....
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