Newcastle Enterprises had net income for 2024 of $103,000. Newcastle had 33,000 shares of common stock outstanding at th
Posted: Thu May 19, 2022 12:38 pm
Newcastle Enterprises had net income for 2024 of $103,000. Newcastle had 33,000 shares of common stock outstanding at the beginning of the year and 44,000 shares of common stock outstanding at the end of the year. There were 8,000 shares of preferred stock outstanding all year. During 2024, Newcastle declared and paid preferred dividends of $26,000. What is Newcastle's earnings per share? (Round the answer to two decimal places.) O A. $2.68 OB. $2.34 OC. $1.75 OD. $2.00