Presented Below Are Selected Data from the Financial Statements of Russell

question 63

Multiple Choice

Presented below are selected data from the financial statements of Russell Corp. for 2014 and 2013. $\begin{array}{lrr}&2014&2013\\\text { Net income } & \$ 100,000 & \$ 123,000 \\\text { Cash dividends paid on preferred stock } & \$ 12,000 & \$ 15,000 \\\text { Cash dividends paid on common stock } & \$ 42,000 & \$ 38,000 \\\text { Weighted average number of common shares outstanding } & \$ 105,000 & \$ 95,000\end{array}$ Earnings per share is reported on the 2014 income statement as

• A) $ 0.44.
• B) $ 0.55.
• C) $ 0.84.
• D) $ 0.95.

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