Rawdon Corporation's Net Operating Income in Year 2 Was $52,429

question 54

Multiple Choice

Rawdon Corporation's net operating income in Year 2 was $52,429, net income before taxes was $34,429, and the net income was $24,100. Total common stock was $360,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $976,000 and at the end of Year 1 to $960,000. The company's earnings per share for Year 2 is closest to:

• A) $0.58 per share
• B) $0.38 per share
• C) $0.27 per share
• D) $5.84 per share

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Definitions:

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors, such as vomiting, to prevent weight gain.

Binge-And-Purge

A cycling behavior often associated with bulimia nervosa, involving episodes of excessive eating followed by attempts to avoid weight gain through vomiting, using laxatives, or exercising excessively.

Eating Pattern

The habitual intake of food, including what, when, and how much a person eats over time.

Bipolar Disorder

A psychiatric condition characterized by extreme mood swings between mania and depression.