Reddaway Corporation reports the following information: Net income $500,000 Dividends on common stock 140,000 Dividends on preferred stock 60,000 Weighted average common shares outstanding 100,000 Reddaway should report earnings per share of
a. $3.00.
b. $3.60.
c. $4.40.
d. $5.00.
Answer: c. $4.40.
Business
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