For 2025, Spanos Corporation reported net income $26,000, net sales $400,000, and weighted-average common shares outstanding 4,000.

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For 2025, Spanos Corporation reported net income $26,000, net sales $400,000, and weighted-average common shares outstanding 4,000. There were preferred dividends of $2,000. What was the 2025 earnings per share?

a. $6.00.

b. $6.50.

c. $99.50.

d. $100.00.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

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Question Posted: Feb 23, 2024 11:00 PM

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For 2025, Spanos Corporation reported net income $26,000, net sales $400,000, and weighted-average common shares outstanding 4,000.

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Financial Accounting Tools For Business Decision Making

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