Shares of common stock outstanding


Farah Snack Co. has earnings after taxes of $150,000. Interest expense for the year was $20,000; preferred dividends paid were $20,000; and common dividends paid were $30,000. Taxes were $22,500. The firm has 100,000 shares of common stock outstanding. Earnings per share on the common stock was?

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Accounting Basics: Shares of common stock outstanding
Reference No:- TGS0674301

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