000 SHARES OF $100 PAR VALUE, NON-CUMULATIVE, 6% PREFERRED STOCK AN...
10,000 shares of $100 par value, non-cumulative, 6% preferred stock and 100,000 shares
of $10 par value common stock outstanding. There were also 5,000 shares of common
stock in treasury during the year. Collins declared and paid all preferred dividends as
well as a $1 per share dividend on common stock. Collins’ earnings per share of
common stock for the year was
a.
$3.50.
b.
$3.33.
c.
$2.90.
d.
$2.76.