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question 67

Multiple Choice

[The following information applies to the questions displayed below.]
Shown below are selected data from the financial statements of Supreme Co.Dollar amounts are in millions (except for the per share data) .
Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share.At year-end,the Wall Street Journal listed Supreme's capital stock as trading at $88 per share.
-200 What was Supreme's operating income (in millions) ?

• A)$710
• B)$390
• C)$270
• D)$520

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Definitions:

Succession Planning

The strategy for identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away.

Career Planning

The process of setting career objectives and determining the steps and actions to achieve them.

Number

A mathematical object used to count, measure, and label.

Individuals

Persons or human beings regarded singly or independently, each with their own attributes and interests.