Wendell Corporation reported net income for the current year of $800,000. Wendell had 6000 shares of $90 par value, 12% preferred stock outstanding and 42,000 shares of $1 par value common stock outstanding for the entire year. Earnings per share is: (Round your final answer to the nearest cent.)
A)$15.32.
B)$90.00.
C)$17.50.
D)$19.05.

Question

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The Answer of Wendell Corporation reported net income for the current year of $800,000. Wendell had 6000 shares of $90 par value, 12% preferred stock outstanding and 42,000 shares of $1 par value common stock outstanding for the entire year. Earnings per share is: (Round your final answer to the nearest cent.)
A)$15.32.
B)$90.00.
C)$17.50.
D)$19.05.

Wendell Corporation Reported Net Income for the Current Year of $800,000