First, convert 23% into a fraction.
23% =
Now the expression to determine 23% of 122 is
-64 1/3
disregard the negative sign for the moment...
to turn a mixed number into an improper fraction, take ur whole number (63) and multiply it by ur denominator (3) and u get (64 * 3) = 192....now add that to ur numerator (1) and u get (192 + 1) = 193...now put that over ur original denominator (3) and u get 193/3.....now put ur negative sign back....and u have - 193/3.....simplified form, does not reduce
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
It's most probably a C) exponential
