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:

Common Source

Refers to a single identifiable source of infection, contamination, or dissemination of disease.

Salmonella

A genus of bacteria that is a common cause of foodborne illness, often resulting from contaminated water or foods, especially poultry and eggs.

MRSA Carrier

A MRSA Carrier is a person who has methicillin-resistant Staphylococcus aureus bacteria living on their skin or in their nose but may not show any signs of illness.

Coded

The process of transforming descriptions of medical diagnoses and procedures into universal medical code numbers.