Mayan Company Had Net Income of $132,000

question 211

Multiple Choice

Mayan Company had net income of $132,000.The weighted-average common shares outstanding were 80,000.The company has no preferred stock.The company's earnings per share is:

• A)$1.65.
• B)$1.59.
• C)$44.00.
• D)$26.67.
• E)$1.71.

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Definitions:

Melanoma

A type of skin cancer that develops from the pigment-producing cells known as melanocytes, often due to DNA damage caused by ultraviolet radiation.

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere.

Ordinary Mole

A common type of skin growth that often appears as a small, dark brown spot and is generally harmless.

Diameter

The length of a straight line passing from side to side through the center of a body or figure, especially a circle or sphere.