Financial Statement Data for This Year and Last Year for Hanscombe

question 120

Multiple Choice

Financial statement data for this year and last year for Hanscombe Corp. are as follows: $$\begin{array} { l r r } & \text { Current Year } & \text { Last Year } \\\text { Net income } & \$ 5,600,500 & \$ 4,988,000 \\\text { Preferred dividends } & 60,000 & 60,000 \\\text { Average number of common shares outstanding } & 125,000 & 110,000\end{array}$$
Earnings per share for each year were

• A) Current year: $44.32; Last year: $44.80
• B) Current year: $44.80; Last year: $44.32
• C) Current year: $44.80; Last year: $45.35
• D) Current year: $45.35; Last year: $44.80

---

Definitions:

Functioning Time

The duration for which a system or device operates effectively without failure.

Standard Deviation

Standard deviation is a measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.

Swimming Time

The duration it takes for a swimmer to complete a prescribed distance under specific conditions.

Standard Deviation

A metric that calculates the degree of spread or variability within a dataset.