Walker Company Had Net Income of $30,000

question 150

Essay

Walker Company had net income of $30,000.The company has 10,000 shares of common stock and 3,000 shares of preferred stock outstanding.There was no change in the number of shares of stock from the previous year.The company declared and paid dividends of $2.00 per share on the common stock and $1.70 per share on the preferred stock.What is Walker's earnings per common share?

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Definitions:

Control Measures

Procedures or policies implemented to manage risks and ensure that operations continue smoothly and effectively.

Conformance Requirements

The set of criteria, regulations, or standards that must be met by products, services, or behaviors to be accepted in a certain context or industry.

Philip Crosby

Philip Crosby was a businessman and author who contributed significantly to management theory, particularly in the areas of quality and performance improvement.

Contingency Plan

A strategy or plan developed to address possible future events or circumstances that might adversely affect an organization.