tina918
Mar 24, 2007, 05:46 PM
I am confused as to how to get the earnings per share of common stock.
Preferred Stock par value $100 share, 8% cummulative, 10,000 authorized, 5,000 outstanding- $500,000
Common Stock Par value $10 pr share, authorized 1,000,000, issued 60,000-$600,000
Dividends paid per share $2.70
Market Price $48.00
Net Income $370,000
Total Stockholders Equity $1,460,000
Preferred Stock par value $100 share, 8% cummulative, 10,000 authorized, 5,000 outstanding- $500,000
Common Stock Par value $10 pr share, authorized 1,000,000, issued 60,000-$600,000
Dividends paid per share $2.70
Market Price $48.00
Net Income $370,000
Total Stockholders Equity $1,460,000