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For Neo If a Corp. had 25,000 shares of 8% preferred stock,

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If a Corp. had 25,000 shares of 8% preferred stock, $100 par, and 500,000 shares of $1 par common stock outstanding throughout the year. Net income for the year was $2,200,000, and the corp. declared and distributed a cash dividend of $3 per share on its common stock. Earnings per share amounted to? How is this calculated?
Submitted: 7 years ago.
Category: Homework
Expert:  Neo replied 7 years ago.
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