Based on the Following Information, What Is Earnings Per Share

question 124

Multiple Choice

Based on the following information, what is earnings per share? $\begin{array}{ll}115,000 & \text { Common shares outstanding } \\\$ 40,000 & \text { Preferred stock cividend declared and paid } \\\$ 350,000 & \text { Net income }\end{array}$

• A) $3.39
• B) $3.04
• C) $2.96
• D) $2.70

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Definitions:

Therapeutic Touch

A holistic, evidence-based therapy that incorporates the intentional and compassionate use of universal energy to promote balance and wellness.

Energy Fields

Hypothetical fields thought to surround and penetrate the human body, often discussed in alternative medicine for healing purposes.

Naproxen

A nonsteroidal anti-inflammatory drug (NSAID) used to relieve pain, swelling, and joint stiffness.

NSAID

Nonsteroidal anti-inflammatory drugs, a class of medications that reduce pain, decrease fever, and, in higher doses, decrease inflammation.