The Abel Company Provided the Following Information from Its Financial

question 35

Multiple Choice

The Abel Company provided the following information from its financial records: $\begin{array}{lclc}\text { Net income } & \$ 285,000 & \text { Common shares outstanding } &440,000 \\&&1 / 1 \\ \text { Common stock dividends }&\$ 27,000 & \text { Common shares outstanding } &505,000 \\&&12 / 31\\ \text { Preferred stock } & \$ 28,500 & \text { Preferred shares }&27,000 \\\text { dividends } & & \begin{array}{l}\text { outstanding 1/1 }&\end{array} \\\text { Sales } & \$ 970,000 & \text { Preferred shares }& 23,000 \\& & \begin{array}{l}\text { outstanding 12/31 } \\\end{array} \end{array}$ What is the amount of the company's earnings per share?

• A) $0.60
• B) $0.67
• C) $0.54
• D) $29.38

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Definitions:

Productivity Variables

Productivity variables are factors that influence the efficiency and effectiveness with which resources are converted into outputs, including technology, labor skills, and management practices.

Operations Managers

Specialists tasked with supervising, devising, and regulating the processes involved in manufacturing and altering business tasks in the production of goods or services.