The following information is available for Wildhorse Co. and Pina Colada Corp.: (in millions) Wildhorse...

70.2K

Verified Solution

Question

Accounting

The following information is available for Wildhorse Co. and Pina Colada Corp.: (in millions) Wildhorse Co. Pina Colada Corp. 2022 2021 2022 2021 Preferred dividends 23 12 0 28 Net income 520 475 515 540 Shares outstanding at the end of the year 210 195 145 185 Shares outstanding at the beginning of the year 195 145 185 220 Based on this information, what is the amount of Wildhorse Co. earnings per share (rounded to two decimals) for 2022? Select answer from the options below $1.23 $1.27 $2.45 $2.71

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students