Washington Enterprises Had Net Income for 2016 of $109,000

question 173

Multiple Choice

Washington Enterprises had net income for 2016 of $109,000.Washington had 33,000 shares of common stock outstanding at the beginning of the year and 48,000 shares of common stock outstanding at the end of the year.There were 8,000 shares of preferred stock outstanding all year.During 2016,Washington declared and paid preferred dividends of $26,000.What is Washington's earnings per share? (Round the answer to two decimal places. )

• A)$2.69
• B)$2.27
• C)$2.05
• D)$1.73

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