Par value cumulative preferred stock outstanding

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Reference no: EM13795319

At December 31, 2015 and 2014, Miley Corp. had 180,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2015 or 2014. Net income for 2015 was $375,000. For 2015, earnings per common share amounted to

a. $2.08.

b. $1.75.

c. $1.53.

d. $1.42.

Reference no: EM13795319

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