Financial Statements for Larned Company Appear Below: Dividends

question 63

Multiple Choice

Financial statements for Larned Company appear below: Dividends during Year 2 totaled $263 thousand, of which $12 thousand were preferred dividends.
The market price of a share of common stock on December 31, Year 2 was $160.

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

• A)$18.39
• B)$27.22
• C)$19.06
• D)$11.03

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Definitions:

PSA

Prostate-Specific Antigen, a protein produced by the prostate gland, levels of which are used to screen for and monitor prostate cancer.

Castrate

To remove the testicles of a male animal or person, leading to sterilization and the cessation of certain hormone production.

Testosterone

A steroid hormone produced primarily in the testes in males and the ovaries in females, playing key roles in health and well-being, including regulating sex drive, bone mass, fat distribution, muscle mass, and red blood cell production.

Seminal Vesicles

Glands that secrete fluid that partly composes semen and provides nutrients and a suitable environment for sperm outside the body.