Randstad, Inc.Information from the financial statements is provided below:
2020
2019
Net income$150,000
$120,000
Cash dividends paid on preferred stock15,000
15,000
Cash dividends paid on common stock42,000
38,000
Average number of preferred shares outstanding20,000
20,000
Average number of common shares outstanding105,000
95,000
Market price per share of common stock at year-end25.10
22.70
Refer to Randstad, Inc. Earnings per share for 2020 would be reported as
A. $1.08.
B. $1.20.
C. $1.29.
D. $1.43.
Answer: C
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