Vessels corporation's net income for the most recent year was $2,532,000. a total of 200,000 shares of common stock and 200,000 shares of preferred stock were outstanding throughout the year. dividends on common stock were $3.80 per share and dividends on preferred stock were $1.25 per share. the earnings per share of common stock is closest to: a. $12.66. b. $8.86. c. $7.61. d. $11.41.

D. $11.41.

Explanation:

To find the Price-Earning Ratio first, it's necessary to deduct from the Net Income the part corresponding to Preferred Stock,

which is , $2,532,000 - (200,000*1,25= $250,000) = $2,282,000

Then we calculate the Earning/Share Ratio : $2,282,000/200,000 = 11,41

Shares of Common stock outstanding    200.000     

Shares of Preferred stock outstanding    200.000*$1,25 = $250.000  

NET INCOME Available    $2,282,000  = $ 2,532,000  - $250,000

explanation: i am going to tell you a lie dont know i just wanted to answer lol

answer; (15,000)workers each