Multiple Choice
Wendell Corporation reported net income for the current year of $800,000.Wendell had 5,000 shares of $100 par value,10% preferred stock outstanding and 40,000 shares of $1 par value common stock outstanding for the entire year.Earnings per share is:
A) $16.67.
B) $17.77.
C) $18.75.
D) $20.00.
Correct Answer:
Verified
Correct Answer:
Verified
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