Question

Norling Corporation reports the following information:

Answer 1

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.