Preferred stock dividends problem


For 2007 Mossland Corporation reported net income of $28,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2007 earnings per share?

a) $4.67

b) $0.25

c) $66.67

d) $14.86

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Preferred stock dividends problem
Reference No:- TGS081982

Expected delivery within 24 Hours