Beck Company Has the Following Data Available What Are the Earnings Per Share for Beck Company in Income}

question 8

Multiple Choice

Beck Company has the following data available:
$\begin{array}{l}\begin{array}{lll}\\\text { Net Income}\\\\ \underline{\text { Stockholders' Equity:}}\\\text { Common Stock \$5 par}\\\text { Retained Earnings}\\\text { Total Stockholders' Equity}\\\end{array}\begin{array}{lll} \underline{2 X 13}& \underline{2 X 12} & \underline{2 X 11} \\\underline{\$ 64} & \underline{\underline{\$ 56}} & \underline{\underline{\$ 52}}\\\\\\\$ 50 & \$ 50 & \$ 50 \\\underline{75} & \underline{60} & \underline{40} \\\underline{\$ 125} & \underline{\underline{\$ 110}} & \underline{\underline{\$ 90}}\\\end{array}\end{array}$
What are the earnings per share for Beck Company in 2X13? Have the earnings per share improved or not improved since 2X12?

• A)$1.28,improved
• B)$1.28,not improved
• C)$6.40,improved
• D)$6.40,not improved
• E)$12.80,not improved

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Definitions:

Typical Day

A representation of a common or average day in a specific context, often used to illustrate the routine or daily activities of an individual or process.

Sales

The activities involved in selling products or services to customers.

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.

Marginal Costs

The cost incurred by producing one additional unit of a product, which typically includes materials and labor.