whatsapp

Connect on Whatsapp : +1 206 673 2541, Get Homework Help 24x7, 100% Confidential. Connect Now

Accounting | Accounting homework help

At December 31, 2008, Amad Company had 600,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 200,000 of which were issued on October 1, 2008. Net income for 2008 was  $3,000,000, and dividends declared on preferred stock were $400,000 . Compute Amad’s earnings per common share. (Round to the nearest penny.)

Naru’s Partial Income Statement:

Sales $1,200,000.00
Less: Variable costs $700,000.00
Contribution Margin $500,000.00
Less: Fixed costs $250,000.00
Net Operating Income $250,000.00

What is Naru’s operating leverage?

Get FREE Essay Price Quote
Pages (550 words)
Approximate price: -