A corporation has 3000 shares, 10% preferred stock of $55.00 par preferred stock, and 6000 shares of common stock outstanding. The net income for the year is $300,000. Calculate earnings per share. (Round your answer to the nearest cent.)
A) $55.00
B) $47.25
C) $50.00
D) $100.00
B) $47.25
Earnings per share = (Net Income - Preferred dividend) / Weighted average number of
common shares outstanding
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Those business activities that involve the sale of goods and services to consumers for personal, family, or household use make up a definition of retailing
Indicate whether the statement is true or false
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