Trenton Company has provided the following information: Net income, $320,000; Preferred shares issued, 6,800;...
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Accounting
Trenton Company has provided the following information:
- Net income, $320,000;
- Preferred shares issued, 6,800;
- Weighted average number of shares of common stock issued, 24,800;
- Cash dividends declared and paid on common stock, $38,000;
- Market price per share, $44;
- Weighted average number of treasury shares of common stock, 4,800.
What is Trenton's earnings per share?
$12.90.
$16.00.
$10.81.
$8.42.
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