Barbur,Inc

question 3

Multiple Choice

Barbur,Inc.reported net income of $12 million.During the year the average number of common shares outstanding was 3 million.The price of a share of common stock at the end of the year was $5.There were 400,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The EPS is approximately:

• A)$0.80.
• B)$3.52.
• C)$3.72.
• D)$4.00.

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