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jasenka [17]
3 years ago
3

Mayan Company had net income of $132,000. The company had 89,000 shares of common stock issued. The company had 9,000 shares of

treasury stock. The company declared a $27,000 dividend on its preferred stock. There were no other stock transactions. What is the company's Earnings Per Share
Business
1 answer:
Lady bird [3.3K]3 years ago
7 0

Answer:

The company's Earnings Per Share is $1.18

Explanation:

Earnings per share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stock Holders

                               = ($132,000 - $27,000) / 89,000

                               = $1.179775 or $1.18

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