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Stockholder equity section of the balance sheet

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Reference no: EM133234338

Company XYZ had the following information in their stockholder's equity section of the balance sheet during 2020:

  • 5% preferred stock, $10 par, 10,000 shares: $100,000
  • Common stock, $0.01 par, 5,000,000 authorized shares, 3,000,000 outstanding shares: $30,000
  • Retained earnings: $122,500

The company had net income of $21,300 for the year. They declared and paid preferred dividends of $5,000. They also declared and paid dividends to common shareholders of $3,200. Compute EPS.

Reference no: EM133234338

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