Question: Carter Company had net income of $250,000 & paid dividends of $50,000 to common stockholders & $20,000 to preferred stockholders in 2008. Carter Company’s common stockholders' equity at the starting and end of 2008 was $870,000 & $1,130,000, respectively. There are 100,000 weighted average shares of common stock outstanding.
Carter Company’s earnings per share for 2008 was;
[A] $2.00
[B] $1.80
[C] $2.50
[D] $2.30