Romax Company Had Net Income of $147,000

question 57

Multiple Choice

Romax Company had net income of $147,000.The balance sheet showed beginning and ending balance in shareholders' equity of $750,000 and $790,000,respectively.There were no preferred shares and 69,000 common shares outstanding throughout the year.Calculate earnings per share.

• A)$0.47
• B)$2.13
• C)$0.19
• D)$11.16

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