In accounting, earnings per share is a measure of how much pronta company makes for each outstanding
share of its common stock
pe ni pd
eaming per share, eps is calculated using the formula eps
where n i is net income,
pd is preferred dividends, and so is the average number of outstanding shares
rearrange the formula to solve for net income (nt),
ni - so eps
what is a company's net income if they have $50,000 in preferred dividends and pay out 80,55 pe
on 200,000 shares?
round your answer if necessary to the nearest dollar
ni
dollars