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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.
Net income after dividend to non participating preference
Shareholders/Weighted average no fo Common shares
Net Income $2,50,000.00
Less: Dividend $7,900.00
Net income available for equity share holders $2,42,100.00
Weighted avg No of Common Shares $18,000.00
EPS $13.45

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A company had net income of $250-000- There were 18-000 weighted avera.docx

  • 1. 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. Net income after dividend to non participating preference Shareholders/Weighted average no fo Common shares Net Income $2,50,000.00 Less: Dividend $7,900.00 Net income available for equity share holders $2,42,100.00 Weighted avg No of Common Shares $18,000.00 EPS $13.45