Question

Curtis Corporation reports net income for 20X9 of $150,000.00. Curtis Corporation had (1 point)

Answer 1

Answer: $1.33.

Step-by-step explanation:

Earnings per share = (Net income - Preferred dividends) / Common shares outstanding

Preferred dividends = 10,000 shares * 50 * 10%

= $50,000

Earnings per share = (150,000 - 50,000) / 75,000

= $1.33