Toto Company Has the Following Data Available What Are the Earnings Per Share for the Year Ended

question 124

Multiple Choice

Toto Company has the following data available:
$\begin{array}{ll}\text { Sales for the year ended December 31, } 2012&\$106,950\\ \text {Gross profit for the year ended December 31, 2012 }&\$45,150\\ \text {Net income for the year ended December 31, 2012 }&\$7,300\\ \text {Total Current Assets, December 31, 2012 }&\$18,700\\\text { Total Current Liabilities, December 31, 2012 } & \$ 7,600 \\\text { Total Assets, December 31, 2012 } & \$ 48,400 \\\text { Total Liabilities, December 31, 2012 } & \$ 20,850 \\\text { Average total common shares outstanding in 2012 } & 1,000 \\\text { Market price per share, December 31, 2012 } & \$ 75,00 \\\text { Preferred dividends declared during 2012 } & \$ 2,000\end{array}$
What are the earnings per share for the year ended December 31,2012?

• A) $2.00
• B) $5.30
• C) $6.30
• D) $7.30

---

Definitions:

Across Cultures

Spanning or encompassing multiple cultural backgrounds, traditions, or practices, and often concerning the comparison or interaction between them.

Strategic Issues

Significant matters that affect or have the potential to affect the direction and success of an organization or policy.

Communication Competency

The ability of an individual to effectively convey, receive, and interpret messages, both verbally and non-verbally, within various contexts.

Constructive Feedback

Information provided to an individual aimed at improving performance or behavior, intending to be helpful and supportive rather than critical.