Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 270

Multiple Choice

Sperle Corporation has provided the following data concerning its stockholders' equity accounts:
Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.
-The company's earnings per share for Year 2 is closest to:

• A) $8.18 per share
• B) $0.38 per share
• C) $0.54 per share
• D) $0.68 per share

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Definitions:

Community

A community is a group of people living in the same place or having a particular characteristic in common, often sharing common values or interests.

Personal Wealth

The total value of an individual's assets, including money, property, and investments, minus all debts.

Power

The ability or capacity to do something or act in a particular way, often involving the control over resources or people.

Negative Emotions

Feelings that are generally considered to be displeasing or unfavorable, such as sadness, anger, fear, and guilt, which can impact mental and physical well-being.