Presented below are selected data from the financial statements of Wizard Corp 2017 2016 Net income $150,000 $120,000 Cash dividends paid on preferred stock $15,000 $15,000 Cash dividends paid on common stock $42,000 $38,000 Weighted average number of preferred shares outstanding 20,000 20,000 Weighted average number of common shares outstanding 105,000 95,000 Earnings per share is reported on
the 2017 income statement as
a. $1.08
b. $1.20
c. $1.29
d. $1.43
c
Business
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Fill in the blank(s) with correct word
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