## Norling Corporation reports the following information: Net income

Question

Norling Corporation reports the following information:

Net income $750,000

Dividends on common stock 210,000

Dividends on preferred stock 90,000

Weighted average common shares outstanding 200,000

Norling should report earnings per share of

$2.25.

$2.70

$3.30.

$3.75.

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Math
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2021-12-26T10:26:22+00:00
2021-12-26T10:26:22+00:00 1 Answer
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## Answers ( )

Answer:The answer is

$3.30.Step-by-step explanation:As we know

Thus Putting values in the formula we get

So, the Earning per Shares are $3.30.