In 2015, Esther Corporation reported net income of $650,000. It declared and paid preferred stock...
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Accounting
In 2015, Esther Corporation reported net income of $650,000. It declared and paid preferred stock dividends of $50,000 and common stock dividends of $60,000. During 2015, Esther had a weighted average of 150,000 common shares outstanding. Compute Esther's 2015 earnings per share.
| a. | $1.95 | |
| b. | $4.00 | |
| c. | $5.00 | |
| d. | None of the above. |
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