Hudson Company has preferred dividends of $15,000, a net income of $40,000, and average common shares outstanding

Question:

Hudson Company has preferred dividends of $15,000, a net income of $40,000, and average common shares outstanding of 8,000. What is Hudson’s earnings per share?
a. $2.67
b. $5.00
c. $3.13
d. $2.13
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

Question Posted: