The company has no preferred stock outstanding. Calculate the earnings per share for 2019. (Round your answer to two decimal places.)
Amber, Inc. provides the following information for 2019:
A) $0.39 per share
B) $1.56 per share
C) $1.39 per share
D) $1.25 per share
C) $1.39 per share
* Earnings per share = (Net income - Preferred dividend) / Weighted average number of common shares
outstanding =
Average number of common shares outstanding = (160,000 + 200,000) / 2
Average number of common shares outstanding = 180,000 shares
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