The Abel Company provided the following information from its financial records: Net income$250,000 Common shares outstanding 1/1200,000 Common stock dividends$20,000 Common shares outstanding 12/31300,000 Preferred stock dividends$25,000 Preferred shares outstanding 1/110,000 Sales$1,000,000 Preferred shares outstanding 12/316,000 What is the amount of the company's earnings per share?
A. $1.00
B. $0.82
C. $0.90
D. $0.75
Answer: C
Business
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