1During 2015,Vanderbilt Corporation Had 500,000 Shares of $1 Par Value

Essay

1.During 2015,Vanderbilt Corporation had 500,000 shares of $1 par value common stock outstanding and 25,000 shares of 5%,$100 par value preferred stock outstanding.There were no stock transactions during the year.Net income for the year was $540,000.Compute the earnings per share.
2.During 2015,Fusion Valley Corporation had 500,000 shares of $1 par value common stock outstanding and 40,000 shares of 5%,$100 par value preferred stock outstanding.There were no stock transactions during the year.Net income for the year was $740,000.Compute the earnings per share.