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3. Krew Kutter's net income was $100,000 last year. The company has 10,000 shares of common stock and 4,000

shares of $200 par value, 6 percent preferred stock outstanding. No change in the number of common or preferred shares outstanding occurred during the year. What was the earnings per share of common stock last year?

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Accounting  - 8207466.xls

Computation of Earnings Per Share
Particulars Amount Net Income
Less: Preferred Dividend $100,000.00
$48,000.00 Earnings available for common stockholders
Number of shares $52,000.00...

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