Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company declared a $27,000 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is:
A. $0.34.
B. $1.99.
C. $1.65.
D. $4.89.
E. $1.31.
Answer: E
Business
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