Excerpts from Stys Corporation's Most Recent Balance Sheet and Income

question 109

Multiple Choice

Excerpts from Stys Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $50 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $8.20 per share.
-The earnings per share of common stock for Year 2 is closest to:

• A) $1.10
• B) $1.57
• C) $1.85
• D) $1.00

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Definitions:

Monopolist

A single seller in a market, who has significant market power and can influence the price of goods or services.

Profits

The financial gain achieved when the revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activities.

Amtrak

The National Railroad Passenger Corporation, offering intercity passenger train service in the United States.

Publicly Owned

Pertains to assets, properties, or businesses that are owned and operated by governmental entities.