Ellis Corporation Had Net Income of $500000 and Paid Dividends

question 12

Multiple Choice

Ellis Corporation had net income of $500000 and paid dividends of $100000 to common stockholders and $20000 to preferred stockholders in 2017. Ellis Corporation's common stockholders' equity at the beginning and end of 2017 was $1740000 and $2260000 respectively. There are 400000 weighted-average shares of common stock outstanding. Ellis Corporation's earnings per share for 2017 was

• A) $6.20.
• B) $1.20.
• C) $1.25.
• D) $5.00.

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