During the current year, Tapir Corporation had 160,000 shares of $5 par value common stock and 30,000 shares of 5%, $20 par value preferred stock outstanding. Tapir Corporation's net income is $480,000.
Compute the primary earnings per share for the year.

Question

During the current year, Tapir Corporation had 160,000 shares of $5 par value common stock and 30,000 shares of 5%, $20 par value preferred stock outstanding. Tapir Corporation's net income is $480,000. 
Compute the primary earnings per share for the year.

Quizplus · Accepted Answer

The Answer of During the current year, Tapir Corporation had 160,000 shares of $5 par value common stock and 30,000 shares of 5%, $20 par value preferred stock outstanding. Tapir Corporation's net income is $480,000. 
Compute the primary earnings per share for the year.

During the Current Year, Tapir Corporation Had 160,000 Shares of $5