A corporation reports the following balances and amounts: Accounts payable $50,000 Cash provided by operations $100,000 Accounts
Fantastic news! We've Found the answer you've been seeking!
Question:
A corporation reports the following balances and amounts:
Accounts payable | $50,000 |
Cash provided by operations | $100,000 |
Accounts receivable | $35,000 |
Net income | $40,000 |
The average number of common shares | 15,000 |
Salaries and wages payable | $40,000 |
Average current liabilities | $225,000 |
Stockholders' equity | $200,000 |
Average total assets | $600,000 |
Current assets | $300,000 |
Average total liabilities | $320,000 |
Current liabilities | $250,000 |
Dividends paid to preferred shareholders | $5,000 |
Determine its earnings per share?
a. $4.00
b. $1.30
c. $2.33
d. $1.50
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date: