-The Earnings Per Share Is Closest To:
A) $30

question 61

Multiple Choice

$\begin{array}{l}\text { Manfred Mann Corporation's books revealed the following data for the current year: }\\\begin{array} { | l | r | } \hline \text { Net earnings } & \$ 50,000 \\\hline \text { Retained earnings } & \$ 750,000 \\\hline \text { Common shares January 1 } & 25,000 \text { shares } \\\hline \text { Common shares December 31 } & 30,000 \text { shares } \\\hline\end{array}\end{array}$
-The earnings per share is closest to:

• A) $30.50
• B) $2.00
• C) $1.67
• D) $1.82

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Definitions:

Paper Production

The process of manufacturing paper from raw materials like wood pulp, involving various stages such as pulping, pressing, and drying.

Inferior Good

A good whose demand decreases as the income of consumers increases, inversely related to income levels.

Income of Buyers

Refers to the purchasing power or total earnings of consumers within a market, impacting their ability to buy goods and services.

Improved Oven

A term referring to an oven with enhanced features or efficiency, signifying technological innovation or investment in capital goods.