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Determine pitchforks eps for net income

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Reference no: EM132502297

Question 1: Determine Pitchfork's EPS for Net Income based on the following: (round to the nearest whole cent.)

  1. Dividends of $90,000 were declared on December 10, 2020; to be paid on January 10, 2021. Of these dividends, $40,000 were for preferred shareholders. The average common shares outstanding during 2020 were 100,000.
  2. Do not use $ signs in recording your answer. For example, if you determine EPS for NI to be $10.457, record your answer as 10.46.

Reference no: EM132502297

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