Using the Following Balance Sheet and Income Statement Data, What

question 73

Multiple Choice

Using the following balance sheet and income statement data, what is the earnings per share? $\begin{array}{lrlr}\text { Current assets } & \$ 16,000 & \text { Net income } & \$ 21,000 \\\text { Current liabilities } & 8,000 & \text { Stockholders' equity } & 39,000 \\\text { Average assets } & 80,000 & \text { Total liabilities } & 21,000\\\text { Total assets } 60,000\end{array}$ Average common shares outstanding was 10,000.

• A) $3.90
• B) $6.00
• C) $2.10
• D) $0.48

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