Ask Question
3 May, 18:50

Mayan Company had net income of $132,000. The company had 89,000 shares of common stock issued. The company had 9,000 shares of treasury stock. The company declared a $27,000 dividend on its preferred stock. There were no other stock transactions. What is the company's Earnings Per Share

+4
Answers (1)
  1. 3 May, 21:06
    0
    The company's Earnings Per Share is $1.18

    Explanation:

    Earnings per share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stock Holders

    = ($132,000 - $27,000) / 89,000

    = $1.179775 or $1.18
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mayan Company had net income of $132,000. The company had 89,000 shares of common stock issued. The company had 9,000 shares of treasury ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers