A company reports the following: Net income $160,000 Preferred dividends $10,000 Shares of common stock outstanding 20,000 Market price per share of common stock $35 The company's earnings per share on common stock is
a. $13.33
b. $8.50
c. $7.50
d. $35.00
c
You might also like to view...
Which of the following data collection modes would be more appropriate for research on a product requiring demonstration that is targeted to the business-to-business market as opposed to the consumer market?
A) CATI B) business-to-business surveying C) in-office interview D) drop-off survey E) mall-intercept
The responsibility for receiving the proper amount of interest falls on the bondholder most heavily in the case of
a. term bonds. b. serial bonds. c. coupon bonds. d. registered bonds.
I ________ my report when my stepfather called me
A) had wrote B) was writing C) been writing D) wrote
The more debt a company uses to finance its assets, the lower will be its operating income due to
higher interest expense. Indicate whether the statement is true or false