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Calculate earnings per share for kent inc

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Reference no: EM132820025

Kent's Inc. started 2020 with the following shares outstanding:

  1. 5,000, $1,00, cumulative preferred shares (No dividends in arrears)
  2. 9,000 common shares

The company earned $350,000 during 2020 and had the following share transactions:

  1. Mar 1st Issued 6,000 common shares for trucks valued at $25,000
  2. Aug 1st Repurchased 1,700 common shares at $15/share
  3. Nov 1st Issued 4,700 common shares for $16/share

Required:

Problem A. Calculate Earnings Per Share for Kent's Inc. for 2020.

Problem B. Assuming all other information is similar, if Joey's Ltd. had earnings per share of $18.28 for 2020, which companies shares would you chose to invest in if you had to pick one, Kent's Inc. or Joey's Ltd?

Reference no: EM132820025

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