Multiple Choice
In 2014, Esther Corporation reported net income of $600,000. It declared and paid preferred stock dividends of $150,000 and common stock dividends of $60,000. During 2014, Esther had a weighted average of 250,000 common shares outstanding. Compute Esther's 2014 earnings per share.
A) $1.56
B) $1.80
C) $2.40
D) $3.00
Correct Answer:
Verified
Correct Answer:
Verified
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