Abel Company Provided the Following Information from Its Financial Records

question 101

Multiple Choice

Abel Company provided the following information from its financial records:
$\begin{array}{lr}\text { Net income }&\$250,000&\text { Common shares outstanding }1/1&200,000\\\text { Common stock dividends}&\$20,000&\text { Common shares outstanding }12/31&300,000\\\text { Preferred stock dividends}&\$25,000&\text { Preferred shares outstanding }1/1&10,000\\\text { Sales }&\$1,000,000&\text { Preferred shares outstanding }12/31&6,000\end{array}$

What is the company's earnings per share?

• A) $0.82
• B) $1.00
• C) $0.90
• D) $0.75

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