In 2014, Benfer Corporation reported net income of $210,000. It declared and paid common stock dividends of $24,000 and had a weighted average of 70,000 common shares outstanding. Compute the earnings per share to the nearest cent.
A) $2.66
B) $2.10
C) $2.70
D) $3.00

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The Answer of In 2014, Benfer Corporation reported net income of $210,000. It declared and paid common stock dividends of $24,000 and had a weighted average of 70,000 common shares outstanding. Compute the earnings per share to the nearest cent.
A) $2.66
B) $2.10
C) $2.70
D) $3.00

In 2014, Benfer Corporation Reported Net Income of $210,000