In 2020, Wendy Inc. reported net income of $200,000 and did not declare any dividends. Wendy Inc.
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In 2020, Wendy Inc. reported net income of $200,000 and did not declare any dividends. Wendy Inc. has 9% cumulative prreferrred shares in the amount of $120,000 on its balance sheet. During 2020, Wendy Inc. had a weighted average of 100,000 common shares outstanding and ending balance of 80,000 common shares at year end.
Calculate Wendy Inc.'s 2020 earning per share.
a) 0.80
b) 1.00
c) 1.89
d) 2.37
e) 2.00
Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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