Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares of $100 par, 5% preferred stock and 10,000 of $5 par common stock outstanding. The company declared and paid all preferred dividends. Oregon's earnings per share is

A) $8.00
B) $18.00
C) $5.08
D) $5.00

Earnings Per Share

A financial metric calculated as a company's net income divided by the number of outstanding shares, indicating the profitability per share.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, typically with fixed dividends.

Net Income

The total earnings of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.