Earnings per common share amounted

Reference no: EM13146717

At December 31, 2010 and 2009, Glass Corp, had 120,000 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 2010 or 2009. Net income for 2010 was $400,000. For 2010, earnings per common share amounted to:

a. $3.33

b. $2.92

c. $2.50

d.$1.67

Reference no: EM13146717

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