Ask Question
2 April, 07:20

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. 2 April, 07:24
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers