Didde Co. had 300,000 common shares issued and outstanding as of December 31, 2010. No common shares were issued during 2011. On January 1, 2011, Didde issued 200,000 nonconvertible preferred shares. During 2011, Didde declared and paid cash dividends of $100,000 on the common stock and $80,000 on the preferred stock. Net income for the year ended December 31, 2011 was $620,000.

REQUIRED: What should Didde's earnings per common share be in 2011?

Answer rating: 100% (QA)

PARTICULARS Net Income assumed after Tax ... View the full answer