Answer:
Option B fits perfectly,$1.61
Explanation:
Basis earnings per share is the total earnings attributable to common stock divided by the weighted average number of common stock in the year.
Earnings attributable to common is net income minus preferred stock dividends
Net income is $361,000
preferred stock dividend=20,100*$1.70=$ 34,170.00
earnings attributable to common stock=$361,000-$ 34,170=$ 326,830
Weighted average number of common stock is 203,000 shares
basic earnings per share= $326,830/203,000=$1.61
The correct option is B,$1.61
Answer:
increase by more than $1 million
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below are the choices that should accompanied your question above the answer is D.
<span>a. corporate responses to changes in the business environment
b. assessment of competitors strengths
c. identification of customer needs
d. development of core competencies</span>
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