The Net Profit for a Company That Builds Portable Oil

question 42

Multiple Choice

The net profit for a company that builds portable oil well exploration rigs was $10,000,000 last year.The firm paid out $4,000,000 in dividends and has 2,000,000 shares of common share outstanding.What is its earnings per share?

• A) $4
• B) $3.00
• C) $2.50
• D) $5

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Definitions:

Protestant Dutch Republic

A historical period in the 16th and 17th centuries when the Netherlands emerged as a leading center for trade, science, and art under Protestant rule.

Merchant Patrons

Individuals or groups from the merchant class who support artists, writers, and intellectuals, often financing their works or acting as collectors.

Art Commissioned

Works of art created or produced specifically for a client or patron, often reflecting the patron's instructions, intentions, or preferences.

Virtuoso Depiction

An artwork or representation done with immense skill and masterful technique, often showcasing the artist's expertise and flair.