Rawdon Corporation's Net Operating Income in Year 2 Was $52,429

question 54

Multiple Choice

Rawdon Corporation's net operating income in Year 2 was $52,429, net income before taxes was $34,429, and the net income was $24,100. Total common stock was $360,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $976,000 and at the end of Year 1 to $960,000. The company's earnings per share for Year 2 is closest to:

• A) $0.58 per share
• B) $0.38 per share
• C) $0.27 per share
• D) $5.84 per share

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