Financial Statements for Orange Company Appear Below: Dividends

question 102

Multiple Choice

Financial statements for Orange Company appear below: Dividends during Year 2 totaled $156 thousand, of which $18 thousand were preferred dividends.
The market price of a share of common stock on December 31, Year 2 was $100.

-Orange Company's earnings per share of common stock for Year 2 was closest to:

• A)$7.23
• B)$2.27
• C)$10.91
• D)$7.64

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Definitions:

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Key Issues

Central or most important problems, questions, or concerns that require attention or resolution.

20 Years

A period of two decades, often referenced in the context of time-specific achievements, developments, or commitments.

Patent

A legal right granted to an inventor that excludes others from making, using, selling, or importing the patented invention without permission.