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Net income was $206,500 for the year. Throughout the year the company.pdf

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Net income was $206,500 for the year. Throughout the year the company had outstanding 14,000 shares of $2.00, $100 par value preferred stock and 105,000 shares of common stock. Required: Calculate basic earnings per share of common stock for the year. Note: Round "Earnings per share-basic" to 2 decimal places..

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Net income was $206,500 for the year. Throughout the year the company had outstanding 14,000 shares of $2.00, $100 par value preferred stock and 105,000 shares of common stock. Required: Calculate basic earnings per share of common stock for the year. Note: Round "Earnings per share-basic" to 2 decimal places.

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