Question: Problem 3 (6 Points) The Polski Corporation is preparing its financial statements for the year ended 12-31-19. You have been provided with the following selected
Problem 3 (6 Points) The Polski Corporation is preparing its financial statements for the year ended 12-31-19. You have been provided with the following selected information for the year 2019. Dividends on common stock Dividends on preferred stock Total assets Net Income Preferred stock shares issued and outstanding Common stock shares issued Common stock shares held in treasury treasury stock) $20,000 $50,000 $4.000.000 $150,000 28,000 shares 3,000 shares 1. Using the appropriate and RELEVANT data above, compute the company's earnings per share (EPS) for 2019. Show and label your work! (4 points) EPS - 150.000 - 10.000 =140,000 common 28,000 - 3000 - 25,000 EPS-S_5.6 2. If the company's 2018 EPS was 55.00 per share, based on your answer above, what are two possible reasons EPS changed as it did from 2018 to 2019? Please be clear! (2 points)
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