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kaheart [24]
4 years ago
13

Norling Corporation reports the following information:

Mathematics
1 answer:
professor190 [17]4 years ago
7 0

Answer:

The answer is $3.30.

Step-by-step explanation:

As we know

             Earning \ per\  share\  (ESP)=\frac{net\ income-preferred\ income}{Weighted \ average\  common\  shares\  outstanding}

Thus Putting values in the formula we get

              Earning \ per\  share\  (ESP)=\frac{750,000-90,000}{200,000}

              Earning \ per\  share\  (ESP)=\frac{660,000}{200,000}

              Earning \ per\  share\  (ESP)=\ \$3.30

So, the Earning per Shares are $3.30.

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