Answer:
earnings per share = $ 5
Explanation:
given data
Net income = $450,000
Preferred dividends = 50,000
shares outstanding = 80,000 shares
to find out
What is earnings per share for the year
solution
we get earnings per share is express as
earnings per share = ( net income - Preferred dividends ) ÷ shares outstanding ..................1
put here value we get
earnings per share = [tex]\frac{450,000 - 50,000}{80000}[/tex]
earnings per share = $5
