Using the Following Balance Sheet and Income Statement Data, What

question 161

Multiple Choice

Using the following balance sheet and income statement data, what is the earnings per share? $\begin{array}{lrlr}\text { Current assets } & \$ 7,000 & \text { Net income } & \$ 15,000 \\\text { Current liabilities } & 4,000 & \text { Stockholders' equity } & 21,000 \\\text { Average assets } & 44,000 & \text { Total liabilities } & 9,000\\\text { Total assets } \quad 30,000\end{array}$ Average common shares outstanding was 10,000.

• A) $1.50
• B) $2.50
• C) $0.67
• D) $0.55

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Definitions:

Heart Rate

The number of heartbeats per unit of time, usually expressed as beats per minute (bpm), indicating cardiovascular health and fitness levels.

Cerebellar Peduncles

Three pairs of fiber tracts that connect the cerebellum to the brainstem, involved in motor coordination.

Nerve Tracts

Nerve tracts are bundles of nerve fibers (axons) that travel together within the central nervous system.

Arbor Vitae

The tree-like arrangement of white matter in the cerebellum.