Daniels Transport Has Operating Income of $68,200,interest Expense of $210,dividends

question 103

Multiple Choice

Daniels Transport has operating income of $68,200,interest expense of $210,dividends paid of $320,depreciation of $12,400,other income of $2,100,common stock of $48,500 with a par value of $1 per share,and retained earnings of $29,700.What is the earnings per share if the tax rate is 21 percent?

• A)$1.14
• B)$1.21
• C)$.82
• D)$.96
• E)$1.33

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Definitions:

Either/Or

A situation or problem presenting two mutually exclusive choices or possibilities.

Edwin Shneidman

An American psychologist, regarded as a father of modern suicidology, focused on the study and prevention of suicide.

Suicide

The act of intentionally causing one’s own death.