Solution-What are the earnings per share on common stock

What are the earnings per share on common stock

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Reference no: EM132109515

Question - Brielle Financial Services reports on its balance sheets at the end of each of the first two years of operations the following:

	2006	2005
Total current assets	$600,000	$560,000
Total investments	60,000	40,000
Total property, plant, and equipment	900,000	700,000
Total current liabilities	150,000	80,000
Total long-term liabilities	350,000	250,000
Preferred 9% stock, $100 par	100,000	100,000
Common stock, $10 par	600,000	600,000
Paid-in capital in excess of par-common stock	60,000	60,000
Retained earnings	325,000	210,000

If net income is $115,000 and interest expense is $30,000 for 2006, what are the earnings per share on common stock for 2006, (round to two decimal places)?

$1.92

$1.89

$1.77

$1.42

Reference no: EM132109515

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What are the earnings per share on common stock

Reference no: EM132109515

Reference no: EM132109515

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