What is normans earnings per share

Reference no: EM13126792

Norman Corporation had 250,000 shares of common stock outstanding during the year. Norman declared and paid cash dividends of $200,000 on the common stock and $160,000 on the preferred stock. Net income for the year was $880,000. What is Norman's earnings per share?

a. $2.08

b. $2.72

c. $2.88

d. $3.52

Reference no: EM13126792

Questions Cloud

Calculus applied to commerece : The resale value of a certain industrial machine decreases at a rate that depends on its age. When the machine is t years old, the rate at which its value is changing is -960e^ -t/5 dollars per year.

Find probability miss school because of asthma : If a group of 400 school children are selected at random, what is the probability that at most 70 children will miss school because of asthma?

Calculus-maximizing revenue : You can operate a train if at least 200 people buy tickets. The fare will be $8 per person if 200 people buy tickets, but will decrease 1 cent for each additional person over 200. what number of passangers will bring the railroad the maximum reven..

Discuss what manufacturing information would be important : Discuss what manufacturing information would be important to track. Please make sure to report the accounting documents used to gather and report this information

What is normans earnings per share : Norman Corporation had 250,000 shares of common stock outstanding during the year. Norman declared and paid cash dividends of $200,000 on the common stock and $160,000 on the preferred stock. Net income for the year was $880,000. What is Norman's ..

Mathematics-calculus-maximizing area : You have 600 yards of fencing to build a rectanglular fence. You use a long straight wall to form one side to save fencing. What is the maximum possible area that can be enclosed?

Find probability that mean of sample of families weigh more : The standard deviation is 2.5 pounds. Find the probability that the mean of a sample of 55 families will be more than 13 pounds.

Elucidate the applicable theories and appropriate accounting : elucidate the applicable theories and appropriate accounting for items that arise from less than 100% ownership, including the reporting of assets, liabilities, revenues and expenses.

Density and specific heat of a solid : What data is collected in a titration? How would I be able to find what the volume of 0.10M HCl should be needed to titrate .136 g Na2CO3 according to the reaction equation:

User Account

All Pages