Multiple Choice
Wildcat Corporation reported net income for the current year of $700,000. Wildcat 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 was:
A) $17.50
B) $18.75
C) $16.25
D) $16.67
Correct Answer:
Verified
Correct Answer:
Verified
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