Time remaining:
Compute RAR earnings per share

Accounting
Tutor: None Selected Time limit: 0 Hours

RAR had net income for 2014 of $40,000. RAR had 13,500 shares of C/stock outstanding at the beginning of the yr & 14,500 shares of C/stock outstanding as of Dec 14. During yr, RAR declared & paid preferred dividends of $3,000.

Feb 6th, 2015

Earnings per share is based on shares outstanding on the date of dividend declaration.

So earing's per share is: 3000/ 14500 = 0.21 $ = 21 cents

Answer: 21 cents earnings per share

Feb 6th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Feb 6th, 2015
...
Feb 6th, 2015
Dec 7th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer