14. A company experienced a net income at the end of their fiscal year equal to

Question

14. A company experienced a net income at the end of their fiscal year equal to $37 million. The number outstanding Common shares is 5,000,000 (par value of $10.00 per share) and the number of Preferred shares is 2,000,000 (par value if $20.00). What is the company's earnings per share? [NOTE: Preferred dividends were already subtracted from earnings to determine the net income.] a. $5.29 b. 12.33 c. S0.74 d. $7.40 15. The 3 Step Process outlined (in proper order) to solve all Engineering Economic problems is: a. Cash flow diagram; Given; What is asked for b. What is asked for; Cash Flow Diagram; Given c. Given; What is asked for; cash Flow Diagram d. Given; Cash Flow Diagram; What is asked for

Explanation / Answer

As per Chegg policy only 1 question per submission can be solved. Here comes the solution for first question Net Income                       37,000,000 Common Shares                         5,000,000 Earning per share 37,000,000/5,000,000 Earning per share                                   7.40 Hence option D is correct

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