Blanco, Inc. has a net income of $300000 for 2020, and there are 200000 weighted-average shares...

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Blanco, Inc. has a net income of $300000 for 2020, and there are 200000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $40000 on the preferred stock and $60000 on the common stock. The earnings per share for 2020 is O $1.30. O $2.50. O $1.20. O $1.00. Blanco, Inc. has a net income of $300000 for 2020, and there are 200000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $40000 on the preferred stock and $60000 on the common stock. The earnings per share for 2020 is O $1.30. O $2.50. O $1.20. O $1.00.

Answer rating: 100% (QA)

To calculate the earnings per share EPS for common stock we need to follow these steps 1 Start with ... View the full answer