Using the Following Balance Sheet and Income Statement Data, What

question 179

Multiple Choice

Using the following balance sheet and income statement data, what is the earnings per share? $$\begin{array} { l c l l } \text { Current assets } & \$ 32,000 & \text { Net income } & \$ 42,000 \\\text { Current liabilities } & 16,000 & \text { Stockholders' equity } & 78,000 \\\text { Average assets } & 160,000 & \text { Total liabilities } & 42,000 \\\text { Total assets } & 120,000 & & \\\text { Average common shares outstanding was } 15,000 .\end{array}$$

• A)$5.20
• B)$8.00
• C)$2.80
• D)$0.36

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Definitions:

Organizational Culture

Organizational culture encompasses the values, beliefs, and behaviors that shape how an organization's members interact and handle outside business transactions.

Enterprising Cultures

Organizational cultures that emphasize innovation, risk-taking, and proactive growth strategies.

Collaboration

The action of working with others to produce or create something, typically implying a joint effort towards a common goal.

Socialization

Socialization is the process by which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society or specific groups within it.