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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Definitions:

Voltage-Sensitive

Referring to mechanisms or devices that respond to changes in electrical potential or voltage across their membrane or structure.

Nerve Impulses

Electrical signals that transport information along the neurons, facilitating communication within the nervous system.

Movement

The act or process of moving, involving physical change in position or relocation of an object or organism.