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20 April, 06:51

Mayan Company had net income of $132,000. The company had 89,000 shares of common stock issued. The company had 9,000 shares of treasury stock. The company declared a $27,000 dividend on its preferred stock. There were no other stock transactions. What is the company's Earnings Per Share

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  1. 20 April, 08:39
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    The company's Earnings Per Share is $1.18

    Explanation:

    Earnings per share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stock Holders

    = ($132,000 - $27,000) / 89,000

    = $1.179775 or $1.18
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