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What the abc company earnings per share of common stock

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Question - ABC Company Income Statement For the Year Ended December 31, 2020 (pesos in thousands)

Sales (all on account) - 2,930

Cost of goods sold - 2,050

Gross margin - 880

Operating expenses - 350

Net operating income - 530

Interest expense - 40

Net income before taxes - 490

Income taxes (30%) - 147

Net income - P 343

Dividends during 2020 totaled P263,000, of which P12,000 were preferred dividends. The market price of a share of common stock on December 31, 2020 was P160.

What the ABC Company's earnings per share of common stock for 2020?

Reference no: EM132932669

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