Sunland Corporation reports net income of $625,000 and a weighted-average of 250,000 shares of common stock...

Transcribed Image Text:

Sunland Corporation reports net income of $625,000 and a weighted-average of 250,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share $ eTextbook and Media eTextbook Assistance Used Sunland Corporation reports net income of $625,000 and a weighted-average of 250,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share $ eTextbook and Media eTextbook Assistance Used

Answer rating: 100% (QA)

To calculate earnings per share of common stock divide the net inco... View the full answer