Edmonds Corporation reports the following information: $$\begin{array} { l r }
\text { Net income } & \$ 500,000 \
\text { Dividends on common stock } & 140,000 \
\text { Dividends on preferred stock } & 60,000 \
\text { Weighted average common shares outstanding } & 200,000
\end{array}$$ Edmonds should report earnings per share of
A)$1.50.
B)$1.80
C)$2.20.
D)$2.50.

Question

Edmonds Corporation reports the following information: $$\begin{array} { l r } 
\text { Net income } & \$ 500,000 \
\text { Dividends on common stock } & 140,000 \
\text { Dividends on preferred stock } & 60,000 \
\text { Weighted average common shares outstanding } & 200,000
\end{array}$$ Edmonds should report earnings per share of
A)$1.50.
B)$1.80
C)$2.20.
D)$2.50.

Quizplus · Accepted Answer

The Answer of Edmonds Corporation reports the following information: $$\begin{array} { l r } 
\text { Net income } & \$ 500,000 \
\text { Dividends on common stock } & 140,000 \
\text { Dividends on preferred stock } & 60,000 \
\text { Weighted average common shares outstanding } & 200,000
\end{array}$$ Edmonds should report earnings per share of
A)$1.50.
B)$1.80
C)$2.20.
D)$2.50.

Edmonds Corporation Reports the Following Information Edmonds Should Report Earnings Per Share of A)$1

Edmonds Corporation Reports the Following Information Edmonds Should Report Earnings Per Share of
A)$1