Solved: Taxes were 15000 the firm has 100000 shares of common stock, Cost Accounting

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Taxes were 15000 the firm has 100000 shares of common stock

Earnings per share of common stock Farah Snack Co. has earnings after taxes of $128,750. Interest expense for the year was $20,000; preferred dividends paid were $18,750; and common dividends paid were $30,000. Taxes were $15,000. The firm has 100,000 shares of common stock outstanding. What are the earnings per share on the common stock?

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Cost Accounting: Taxes were 15000 the firm has 100000 shares of common stock

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