Novak Inc. presented the following data. Net income $2,680,000 Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulati

Question

2 years ago

7

Novak Inc. presented the following data. Net income $2,680,000 Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulati

ve, not convertible 4,800,000 Common stock: Shares outstanding 1/1 729,600 Issued for cash, 5/1 273,600 Acquired treasury stock for cash, 8/1 160,800 2-for-1 stock split, 10/1. Compute earnings per share.

Business

1 answer:

erastova [34] · Answer 1 · 2022-06-17T00:29:16+03:00

erastova [34]2 years ago

3 0

Answer:

EPS = $1.36

Explanation:

See the image below to get the right answer