Use the Following Information for Questions

question 112

Multiple Choice

Use the following information for questions
During 2013, Pattar Corp reported after-tax profit of $450,000 and paid $75,000 in common dividends. The weighted average number of common shares issued in 2013 was 150,000. There are no preferred shares issued. At year end, Pattar's common shares are selling for $60 per share on the Toronto Stock Exchange.
-Pattar's earnings per share for 2013 is

• A)$25.00.
• B)$20.00.
• C)$3.00.
• D)$2.50.

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Definitions:

Mental Age

A measure of an individual's mental attainment based on the age at which an average individual achieves a particular score on a test of intelligence or aptitude.

Chronological Age

The age of an individual or object expressed as the amount of time since their date of birth or creation.

Growth Mind-Set

The belief that abilities and intelligence can be developed through dedication and hard work.

Robert Sternberg

An American psychologist known for his theory on intelligence and creativity, which includes the triarchic theory of intelligence.