Question: Exercise 13-20 (Algo) Computing earnings per share LO A1 Ecker Company reports $1,250,000 of net income and declares $175,000 of cash dividends on its preferred

Exercise 13-20 (Algo) Computing earnings per share LO A1

Ecker Company reports $1,250,000 of net income and declares $175,000 of cash dividends on its preferred stock for the year. At year-end, the company had 290,000 weighted-average shares of common stock.

What amount of net income is available to common stockholders?

What is the companys basic earnings per share (EPS)?

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