Problem regarding the earnings per share

Reference no: EM13972396

In 2016, East Co. reported net income of $700,000. It paid preferred stock dividends of $150,000 and common stock dividends of $60,000. During 2016, East had a weighted average of 200,000 common shares outstanding. Compute East's 2016 earnings per share. $1.95 $2.25 $2.75 $3.05

Reference no: EM13972396

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