The following data came from the financial statements of St. James Corp. for 2019 and 2018. __________________________________________________

Question:

The following data came from the of St. James Corp. for 2019 and 2018.
__________________________________________________ 2019 ______________ 2018
Net income ............................................................ $150,000 .................. $120,000
Cash dividends paid on preferred stock ............................. $15,000 .................... $15,000
Cash dividends paid on ........................... $42,000 ...................... $38,000
Weighted average number of preferred shares outstanding .... 20,000 ....................... 20,000
Weighted average number of common shares outstanding ..... 105,000 ...................... 95,000
Required:
Calculate St. James' earnings per share as it would be reported on the 2019 income statement?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...