Josiah,Inc The Company Has No Preferred Stock Outstanding

question 79

Multiple Choice

Josiah,Inc.provides the following information for 2017: $$\begin{array} { | l | l | } \hline \text { Net income } & \$ 350,000 \\\hline \text { Market price per share of common stock } & \$ 50 \text { per share } \\\hline \text { Dividends paid } & \$ 180,000 \\\hline \text { Common stock outstanding at Jan. } 1,2017 & 160,000 \text { shares } \\\hline \text { Common stock outstanding at Dec. } 31,2017 & 250,000 \text { shares } \\\hline\end{array}$$ The company has no preferred stock outstanding.Calculate the earnings per share for 2017.(Round your answer to two decimal places. )

• A)$0.83 per share
• B)$2.19 per share
• C)$1.71 per share
• D)$1.40 per share

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