Lester Company Reported the Following Information for the Year Ended

question 29

Multiple Choice

Lester Company reported the following information for the year ended December 31, 2015: Net income $1,000,000
Preferred dividends declared and paid 160,000
Common dividends declared and paid 90,000
Average common shares outstanding 100,000 Ending market price per share 35
Net sales 3,100,000
What was Lester's earnings per share for 2015?

• A) $8.40
• B) $10.00
• C) $7.50
• D) $31.00

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Definitions:

Psychotherapy

Psychological treatment that employs various methods to help someone overcome personal problems, or to attain personal growth.

Insurance Coverage

The extent of protection provided under an insurance policy, detailing what costs the insurer will cover in the case of certain events or accidents.

Personal Goals

Individual objectives, targets, or aspirations that a person aims to achieve, reflecting personal values and desired outcomes.

Psychotherapist's Training

Refers to the education and practical training required to become a licensed psychotherapist, including study in psychology, therapy methods, and clinical practice.