Barber Industries reported net sales of $92,000, net income of $32,000, dividends paid to preferred stockholders of $7,000, and dividends paid to common stockholders of $10,000.The average number of shares outstanding is 5,000.What is the earnings per share?
A)$18.40
B)$16.40
C)$6.40
D)$5.00

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The Answer of Barber Industries reported net sales of $92,000, net income of $32,000, dividends paid to preferred stockholders of $7,000, and dividends paid to common stockholders of $10,000.The average number of shares outstanding is 5,000.What is the earnings per share?
A)$18.40
B)$16.40
C)$6.40
D)$5.00

Barber Industries Reported Net Sales of $92,000, Net Income of $32,000