1. Calculate the company's earnings per share.

common shares outstanding	150.000
Preferred stock dividend declared and paid	$90,000
Net Income	$300,000

1. 2. On July 1, George Co. issued $3,000,000 8% 10-year bonds at par. Interest on the bonds is payable semi-annually on December 31 and June 30. 
2. As a result of this transaction, what is the company's net assets?
   

Answer rating: 100% (QA)

The earnings per share EPS formula is EPS Net Income Preferred Stock Dividends Average ... View the full answer