Calculate earnings per share

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Question - Pharoah Limited reports profit of $490,000 and its weighted average number of common shares is 240,000. Pharoah also has 24,000, $2.50 preferred shares.

1. Calculate earnings per share, if preferred shares are cumulative and the dividend was not paid.

2. Calculate earnings per share, if preferred shares are noncumulative and the dividend was paid.

Reference no: EM132758833

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Calculate earnings per share : Pharoah Limited reports profit of $490,000 and its weighted average number of common shares is 240,000. Calculate earnings per share
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