Question: Lippert Inc has net income of 160 000 weighted average shares of
Lippert Inc. has net income of $160,000, weighted-average shares of common stock outstanding of 50,000, and preferred dividends for the period of $40,000. What is Lippert’s earnings per share of common stock? Kate Lippert, the president of Lippert Inc., believes the computed EPS of the company is high. Comment.
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