At December 31, 2017 Marigold Corp. had 292,000 shares of common stock and 9300 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2017 or 2018. On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Marigold declared a 100% stock dividend on its common stock. Net income for 2018 was $1,130,000.
In its 2018 financial statements, Marigold’s 2018 earnings per common share should be:
a. $1.92.
b. $3.76.
c. $3.56.
d. $1.84.
The Common Stock account for Baltimore Corporation on January 1, 2018, was $50,000. On July 1, 2018, Baltimore issued an additional 9,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income were $109,000.
Use this information to determine for December 31, 2018, the amount of Earnings per Share.
Platinum Company reports a net income of $570,000 for 2018 and declared a cash dividend of $1.3 per share on each of its 120,000 shares of common stock outstanding. What are earnings per share for 2018?
a. $4.75 per share.
b. $6.05 per share.
c. $1.30 per share.
d. $3.45 per share.
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