Assante Corporation Reported the Following Data for the Period: Earnings

question 58

Multiple Choice

Assante Corporation reported the following data for the period: earnings per share, $4.80; retained earnings, $54,000; revenues, $150,000; capital stock, $30,000; expenses, $126,000. Given the above information, how many shares of stock are outstanding?

• A) 9,000
• B) 5,000
• C) 4,000
• D) 3,500

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