Ruby Company's Net Income Was $100,000 Last Year

question 129

Multiple Choice

Ruby Company's net income was $100,000 last year.The company has 25,000 shares of common stock and 6,000 shares of $50 par value, 6% preferred stock outstanding.There was no change in the number of common or preferred shares outstanding during the year.The earnings per share of common stock was:

• A) $9.12.
• B) $7.63.
• C) $3.28.
• D) $2.35.

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Definitions:

Environmentally Responsible

Commitment to conducting oneself or one's business in a way that is mindful of the environmental impact and promotes sustainability.

Ethical

Pertaining to moral principles or the branch of knowledge dealing with these, often guiding behavior in both personal and professional contexts.

Value Proposition

A statement of the fundamental benefits of the products or services being offered in the marketplace.

Fundamental Benefits

Core advantages or essential positives that stem from a particular action, policy, or product.