Norman corporation had 250000 shares of common stock, Ask an Expert

Accounting

Norman Corporation had 250,000 shares of common stock outstanding during the year. Norman declared and paid cash dividends of $200,000 on the common stock and $160,000 on the preferred stock. Net income for the year was $880,000. What is Norman's earnings per share?

a. $2.08

b. $2.72

c. $2.88

d. $3.52

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9406998

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