Washington enterprises had net income for 2016 of? $103,000. washington had?
What was Washington Enterprises' earnings per share (EPS) for 2016?
Washington Enterprises reported a net income of $103,000 for the year 2016. The company had 39,000 shares of common stock outstanding at the beginning of the year and 43,000 shares outstanding at the end of the year. Additionally, there were 6,000 shares of preferred stock outstanding throughout the year. During 2016, Washington declared and paid preferred dividends totaling $29,000.
Calculate Washington's earnings per share, rounding your answer to two decimal places.
3 Answers
Jan 06, 2025
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