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13 September, 08:57

Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company declared a $27,000 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is:$1300$1340$1350None of the above

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  1. 13 September, 09:11
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    None of the above

    Explanation:

    This can be explained as (net income - preferred dividends) / weighted-average common shares outstanding

    132,000 - 27,000 / 80,000 = 1.31 ≅ $1310.
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