A company had net income of $250,000. There were 18,000 weighted average common shares outstanding. The company declared a $7,900 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company had earnings per share of: A company had net income of $250,000. There were 18,000 weighted average common shares outstanding. The company declared a $7,900 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company had earnings per share of: A company had net income of $250,000. There were 18,000 weighted average common shares outstanding. The company declared a $7,900 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company had earnings per share of: Solution Ans. .