At december 31 2011 and 2010 miley corp had 180000 shares

Reference no: EM13591951

At December 31, 2011 and 2010, Miley Corp. had 180,000 shares of common stock and 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2011 or 2010. Net income for 2011 was $400,000.REQUIRED: What does the 2011, earnings per common share amount to?

Reference no: EM13591951

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