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What is the firm Basic Earnings Per Share

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Question - For the year of 2017, a firm reported Net Income of $100,000 and issued $20,000 in Preferred Stocks' Dividends. At the beginning of the year, the firm had 1 million common stocks outstanding. 1 million more common stocks were issued in March 31, 2017. Additionally, 500,000 more common stocks were issued in June 31. What is the firm's Basic Earnings Per Share for the year of 2017?

a. $0.032. 

b. $0.053.

c. $0.040.

d. $0.050.

Reference no: EM132915795

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