Based on the following information, what is earnings per share? Common shares 115,000. Preferred stock dividend declared and paid 40,000. Net income 350,000 If 50,000 shares are authorized, 35,000 shares are issued, and 2,000 shares are reacquired, the n

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Based on the following information, what is earnings per share? Common shares 115,000. Preferred stock dividend declared and paid 40,000. Net income 350,000

 

If 50,000 shares are authorized, 35,000 shares are issued, and 2,000 shares are reacquired, the number of outstanding shares is

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