Rawdon Corporation's Net Operating Income in Year 2 Was $52,429

question 54

Multiple Choice

Rawdon Corporation's net operating income in Year 2 was $52,429, net income before taxes was $34,429, and the net income was $24,100. Total common stock was $360,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $976,000 and at the end of Year 1 to $960,000. The company's earnings per share for Year 2 is closest to:

• A) $0.58 per share
• B) $0.38 per share
• C) $0.27 per share
• D) $5.84 per share

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Definitions:

Drug Injection

The act of administering a drug into a person's body using a syringe and needle, typically intravenously, intramuscularly, or subcutaneously.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly associated with an unconditioned stimulus.

Body's Defenses

The mechanisms by which the body protects itself from infection and disease, including the immune system, physical barriers, and biochemical processes.

Injected Drugs

Medicine or other substances introduced into the body through a syringe.