Calculate basic earnings per share of common stock

Reference no: EM132218665

Question - Ringmeup had a net income of 165200 for the year ended Dec31, 2016. At the beginning of the year 37000 shares of common stock were outstanding. On May1 an additional 15000 shares were issued. On Dec 2 the Comp purchased 4900 shares of its own common stock and held them as treasury stock until the end of the year. During the year Ringmeup paid annual dividend of 8000 shares of 3.80% 100 per value preferred stock that were outstanding the entire year. Calculate basic earnings per share of common stock that were outstanding the entire year?

Reference no: EM132218665

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