Value cumulative preferred stock outstanding

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Reference no: EM13769093

At December 31, 2013 and 2012, G Co. had 66,000 shares of common stock and 6,500 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2012. Net income for 2013 was $580,000. For 2013, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)

a) $8.00.

b) $8.79.

c) $8.00.

d) $8.00.

Reference no: EM13769093

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