Answer:
$0.19 per share
Explanation:
The computation of the approximate Earnings per share is shown below:
Earning per share = (Net profit - preference dividend) ÷ (Number of common stock shares outstanding)
where,
Net profit = $1,375,486
Preference dividend = 1 million shares × $1 = $1 million
And, the number of common stock shares outstanding is 2 million shares
So, the earning per share is
= ($1,375,486 - $1,000,000) ÷ (2,000,000 million shares)
= $0.19 per share
