Financial Information for Retro Designs Includes the Following Selected Data

question 127

Multiple Choice

Financial information for Retro Designs includes the following selected data:
$\begin{array}{lr}\text { Net income (in millions) } & \$ 145 \\\text { Preferred stock dividends (in millions) } & \$ 25 \\\text { Shares outstanding (in millions) } & 240 \\\text { Stock price } & \$ 10.00\end{array}$
What is the company's earnings per share?

• A)$0.60.
• B)$0.71.
• C)$0.50.
• D)$0.05.

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Definitions:

World Economic Resources

It refers to all natural, human, and capital resources that are available globally which support economic production and development.

Net Exporter

A country that exports more goods and services than it imports, leading to a positive trade balance.

Import Quotas

Restrictions imposed by a government on the quantity of a good that can be imported into a country, often used to protect domestic industries.