At december 31 2013 and 2012 g co had 66000 shares of


At December 31, 2013 and 2012, G Co. had 66,000 shares of common stock and 6,500 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2012. Net income for 2013 was $580,000. For 2013, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)

a)            $8.00.

b)            $8.79.

c)            $8.00.

d)            $8.00.

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Financial Management: At december 31 2013 and 2012 g co had 66000 shares of
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