(Answered) Question - ziegler corporation reports net income of 270000

Accounting

Question - Ziegler Corporation reports net income of $270,000 and a weighted-average of 180,000 shares of common stock outstanding for the year. Assume that Ziegler has cumulative preferred stock dividends for the current year of $18,000 that were declared and paid.

Compute the earnings per share of common stock.

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