Financial Statements for Larkins Company Appear Below

question 140

Multiple Choice

Financial statements for Larkins Company appear below:


Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.


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

• A) $25.00
• B) $17.50
• C) $7.21
• D) $16.83

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Definitions:

Bank Officers

Individuals responsible for overseeing the day-to-day operations and financial matters of a bank.

Relocated

Refers to something that has been moved to a new place or position.

Probability

A measure quantifying the likelihood that an event will occur, expressed as a number between 0 and 1.

Traffic Accidents

Incidents involving vehicles on public roads that result in damage, injuries, or fatalities.