Earnings per share
Calculate earnings per share for the following:
Net income $ 500,000
Interest expense $ 50,000
Preferred Dividends paid $ 75,000
Common Dividends paid $ 100,000
Preferred shares outstanding $ 50,000
Common shares outstanding $ 100,000
Please explain
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Earnings per share is calculated on common shares and is the income available on each common ...
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The solution explains how to calculate earnings per share.
$2.19