Table 18-9
Partridge Company Provides the Following Information for the Year

question 177

Multiple Choice

Table 18-9
Partridge Company provides the following information for the year 2017:
$\begin{array}{|l|l|}\hline \text { Net income } & \$ 32,600 \\\hline \text { Market price of common shares } & \$ 2,00 / \text { share } \\\hline \text { Dividends paid - common shares } & \$ 0,10 / \text { share } \\\hline \text { Dividends paid - preferred shares } & \$ 1,00 / \text { share } \\\hline \text { Preferred shares outstanding at December } 31,2017 & 20,000 \text { shares } \\\hline \text { Common shares outstanding at December 31,2017 } & 150,000 \text { shares }\\\hline\end{array}$ Note: There were no new preferred shares issued in 2017; 60,000 common shares were issued on September 30, 2017.
-Refer to Table 18-9.How much was the earnings per share for 2017?

• A) $0.22
• B) $0.30
• C) $0.12
• D) $0.08

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