Anjou Company Had 10,000 Shares of Common Stock Outstanding at December

question 69

Multiple Choice

Anjou Company had 10,000 shares of common stock outstanding at December 31, 2015 and 14,000 shares of common stock outstanding at December 31, 2016. Anjou had sales of $3,600,000 in 2016 and net income of $280,000 in 2016. What is Anjou's earnings per share reported for 2016?

• A)$7.78
• B)$9.36
• C)$20.00
• D)$23.33