8. Snow Cleaners, Inc., had net income of $494,592 for its fiscal year ended November 30, 2009. During the year, the company had outstanding 64,000 shares of 12 percent $40 par value preferred stock, and 37,280 shares of common stock. Calculate the earnings per share of common stock for the 2009 fiscal year.© BrainMass Inc. brainmass.com June 4, 2020, 12:53 am ad1c9bdddf
net income less preferred ...
Formula and computations given.