Ringgold Corporation has outstanding at December 31, 2017, 50,000 shares of $20 par value, cumulative, 6% preferred stock and 200,000 shares of $5 par value common stock. All shares were outstanding the entire year. During 2017, Ringgold earned total revenues of $2,000,000 and incurred total expenses (except income taxes) of $1,300,000. Ringgold€™s income tax rate is 30%.
Instructions
Compute Ringgold€™s 2017 earnings per share.

The weighted-average number of shares of common stock outstanding was 80,000 for 2016 and 100,000 for 2017.

Instructions
Calculate earnings per share and return on common stockholders€™ equity for 2017 and

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2017 2016 Average common stockholders equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,200,000 50,000 20,000 290,000 20 $900,000 30,000 20,000 200,000 15