Question: Exercise 1 1 - 2 0 ( Algo ) Computing earnings per share LO A 1 Ecker Company reports $ 1 , 6 0 0

Exercise 11-20(Algo) Computing earnings per share LO A1 Ecker Company reports

Exercise 11-20(Algo) Computing earnings per share LO A1
Ecker Company reports $1,600,000 of net income and declares $224,000 of cash dividends on its preferred stock for the year. At
year-end, the company had 360,000 weighted-average shares of common stock.
What amount of net income is available to common stockholders?
What is the company's basic earnings per share (EPS)?
$1,600,000 of net income and declares $224,000 of cash dividends on its

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