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Jay company has net income of 10000 in 2010 they pay common

Jay Company has net income of $10,000 in 2010. They pay common stock dividends of $2,400 and preferred stock dividends of $1,000. Their beginning common shares outstanding is 20,000. The ending share balance is 15,000. What is their EPS (earnings per share) for the year?

A. .57 cents per sh

B. .51 cents per sh

C. .65 cents per sh

D. 1.15 cents per sh

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Accounting Basics: Jay company has net income of 10000 in 2010 they pay common

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Accounting Basics: Jay company has net income of 10000 in 2010 they pay common

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