Settles Corporation Has Provided the Following Financial Data

question 215

Multiple Choice

Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's earnings per share for Year 2 is closest to:

• A)$0.31 per share
• B)$0.47 per share
• C)$0.79 per share
• D)$3.88 per share

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Definitions:

Hiring Labor

The process of engaging individuals to perform services or work for compensation.

Stock Prices

The current market price of a share of a company's stock, reflecting investor perceptions of the company's future financial prospects.

Workers' Wealth

The accumulation of financial and material assets by individuals employed in various occupations, minus their liabilities.

Quantity Supplied

The total amount of a product or service that producers are willing and able to sell at a given price over a specified period.