Bonita Corporation reports net income of $253,750 and a weighted-average of 175,000 shares of common stock...

 

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Bonita Corporation reports net income of $253,750 and a weighted-average of 175,000 shares of common stock outstanding for the year. Bonita has cumulative preferred stock dividends for the current year of $17,500 that were declared and paid. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.) Bonita Corporation reports net income of $253,750 and a weighted-average of 175,000 shares of common stock outstanding for the year. Bonita has cumulative preferred stock dividends for the current year of $17,500 that were declared and paid. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.)

Answer rating: 100% (QA)

To compute the earnings per share EPS of common stock we need t... View the full answer