Speed IncReported a Net Income Equal to $15,000

question 9

Multiple Choice

Speed Inc.reported a net income equal to $15,000.The dividends declared & paid to the preferred shareholders equaled $ 5,000 and paid the common stockholders a dividend of $8,000.Speed Inc.had 10,000 shares outstanding all year long.What value is Speed Inc.'s earnings per share?

• A)$ .50
• B)$ 1.00
• C)$ 1.50
• D)$ .20

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