Reunion Corporation Provides the Following Information Based on the Information Provided Above,compute the Earnings Per Share

question 220

Multiple Choice

Reunion Corporation provides the following information. $$\begin{array} { | l | r | r | } \hline & \text { March } 31,2018 & \text { March 31, 2019 } \\\hline \text { Net Income } & \$ 358,000 & \$ 425,500 \\\hline \text { Preferred Dividends } & 0 & 0 \\\hline \text { Total Stockholders' Equity } & \$ 4,380,000 & \$ 5,132,000 \\\hline \text { Stockholders' Equity attributable to Preferred Stock } & 0 &0 \\\hline \text { Number of Common Shares Outstanding } & 294,464 &195,168 \\\hline\end{array}$$ Based on the information provided above,compute the earnings per share of Reunion Corporation as of March 31,2019.(Round any intermediate calculations and your final answer to the nearest cent.)

• A) $1.22
• B) $2.18
• C) $1.74
• D) $1.46

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Definitions:

Enlightenment

An intellectual and philosophical movement in the 17th and 18th centuries emphasizing reason, individualism, and skepticism of traditional doctrines.

Consumerism

The cultural model that encourages the acquisition of goods and services in ever-increasing amounts.

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Great Awakening

A series of religious revivals in the American colonies during the 18th century, which emphasized individual piety and being born again.