Gemco Surfboards, Inc

question 16

Multiple Choice

Gemco Surfboards, Inc., has 530,000 shares of stock outstanding. The firm paid out $410,000 in dividends, $275,000 in interest, and added $340,000 to retained earnings for the year. What is the amount of the earnings per share?

• A)$1.24
• B)$1.42
• C)$1.55
• D)$1.66
• E)$1.86

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