Find earnings per share of common stock

Reference no: EM1361288

Abc Company's net income last year was $550,000. The company has 150,000 shares of common stock and 50,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of $1.20 per share on the common stock and $1.70 per share on the preferred stock. The earnings per share of common stock is closest to:
A) $3.67.
B) $2.47.
C) $4.23.
D) $3.10.

Reference no: EM1361288

Questions Cloud

Compute the unit product cost under absorption costing : The Bohne Corporation produces chocolate candies. The chocolates sell for $12 per box. Yearly, the firm produces 10,000 boxes of chocolates and sells 9,000 boxes of the candies.

Signs and management of eating disorder : contrast the signs and management of eating disorder(s) with routine weight management.

Assume that the capacitor is uncharged : What capacitance must be used in this circuit if the time constant is to be 3.4 ms.

Which processes were loaded normally is running in safe : Next, boot the system into safe Mode and use Task Manager to list running processes. Which processes that were loaded normally are not loaded when the system is running in safe Mode?

Find earnings per share of common stock : Abc Corporation's net income last year was $550,000. The corporation has 150,000 shares of common stock and 50,000 shares of preferred stock outstanding.

Effective weight loss program : Set-point theories suggest that attempts at permanent weight loss are a waste of time. Design or outline an effective weight loss program.

How to use system tools to identify problems : How can you use system tools, such as the Task Manager, to help identify and troubleshoot these problems? Report your findings in a one page paper.

Find the magnitude of the baseballs momentum : find the magnitude of the baseballs momentum.

Compute earnings per share of common stock : Abc Corporation's price earnings ratio is 8 and the market price of a share of common stock is $32. The corporation has 3,000 shares of preferred stock outstanding with each share receiving a dividend of $3 each share.

User Account

All Pages