Barber Industries Reported Net Sales of $92,000, Net Income of $32,000

question 27

Multiple Choice

Barber Industries reported net sales of $92,000, net income of $32,000, dividends paid to preferred stockholders of $7,000, and dividends paid to common stockholders of $10,000.The average number of shares outstanding is 5,000.What is the earnings per share?

• A)$18.40
• B)$16.40
• C)$6.40
• D)$5.00

---

Definitions:

Mental Illness

A broad range of conditions affecting mood, thinking, and behavior, often diagnosed according to standard criteria in psychiatric manuals.

Disruptive

Causing or tending to cause disruption in an environment or system, especially relating to behavior that interrupts normal processes or peace.

Self-concept

An individual's perception of their own identity, including beliefs, feelings, and thoughts about oneself.

Methylphenidate

A stimulant medication used primarily to treat attention deficit hyperactivity disorder (ADHD) and narcolepsy by increasing attention and controlling behavior.