Homework Answers
Net income = $26,000
Average shares outstanding = 6,000
Preferred dividend = $2,000
Earning per share = (Net income- Preferred dividend)/Average shares outstanding
= (26,000-2,000)/6,000
= 24,000/6,000
= $4.00
The 2017 earning per share $4.00
Correct option is a.
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