Question: Exercise 3 - 3 5 ( Algo ) ( LO 3 - 3 ) The annual report of Dennis Industries cited these primary earnings per

Exercise 3-35(Algo)(LO3-3)
The annual report of Dennis Industries cited these primary earnings per common share for the past 5 years: $2.46, $1.07, $2.1, $4.22, and $7.72. Assume these are population values.
Required:
What is the arithmetic mean primary earnings per share of common stock?
Note: Round your answer to 2 decimal places.
What is the variance?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!