Montreal Electronics Has the Following Data Available $\text{Weighted Average Number of Common}$

question 62

Multiple Choice

Montreal Electronics has the following data available: $\begin{array} { l l l } &&&&&& 2013 & 2012 \\\text { Net Income } &&&&&& \$ 90 & \$ 80 \\\text { preferred Dividends Per Share } &&&&&&\$ 0 & \$ 0\end{array}$
$\text{Weighted Average Number of Common}$
$\begin{array}{cll}\text { Shares Outstanding During Year } & 200 & 200 \\\text { Annual Common Dividends Per Share } & \$ .40 & \$ .20 \\\text { Closing Market Price Common Stock, } 12 / 31 & \$ 9.00 & \$ 6.00\end{array}$ What are the earnings per share for Montreal Electronics in 2013? Has the earnings per share improved or not improved since 2012?

• A)$.40,improved
• B)$.40,not improved
• C)$.40,unknown
• D)$.45,not improved
• E)$.45,improved

---

Definitions:

Tibia

A large bone located in the lower leg between the knee and ankle, known as the shinbone.

Sharpey Fibers

Collagenous fibers that anchor the periosteum to the bone, providing structural support.

Attachment

In psychology, the emotional bond that forms between an infant and their caregiver, crucial for the child's development.

Epiphysis

The rounded end of a long bone, which is separated from the main body of the bone by a growth plate during development.