Compute basic earning per share of common stock

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Reference no: EM131971731

Problem

Ringmeup. Inc had net income of $153.900 for year ended December 31.2016. At the beginning of the year 39.000 shares of common stock were outstanding. On May 1 an additional 17.000 shares were issued. On December 1, the company purchased 4.800 shares of its own common stick and held them as treasury stock until the end of the year. No other chards in common shares outstanding occurred spurring the year During the year. Ringmeup Inc. Paid the annual dividend on the 6.000 shares of 4.40 %. %100 par value preferred stock that were outstanding the entire year. Calculate basic earning per share of common stock for the year ended December 31, 2016.

Reference no: EM131971731

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