Information for Biggs Company and Charter Company are given below: Biggs Company Charter Company Shares of outstanding Common Stock on January 1, 20x1 104,000 51,000 Shares of outstanding Common Stock on December 31, 20x1 117,000 70,000 Net Income on December 31, 20x1 $230,000 $173,000 Preferred Dividends on December 31, 20x1 $6,000 $9,000 Which company had the highest earnings per share and by how much (round all answers to two decimal places?

Answer rating: 100% (QA)

Answer To calculate the earnings per share EPS for each company we need to us... View the full answer