Question: Use this information for Kellman Company to answer the question that follow The balance sheets at the end of each of the first two years
Use this information for Kellman Company to answer the question that follow The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 $600,000 60,000 900,000 125,000 350,000 100,000 600,000 75,000 310,000 Year 1 3560,000 40,000 700,000 65.000 Total current assets Total investments Total property, plant, and equipment Total current abates Total long-term liabilities Preferred 9% stock, 5100 par Common stock, $10 per Pald-in capital in excess of par-Common stock Retained earnings 100,000 600,000 75.000 210,000 Using the balance sheets for Keliman Company of net income is $250,000 and interest expense is $30,000 for Year 2, what are the earnings per share on common stock for Year 2? Ca. 54.02 b. $2.49 C. 54.16 d. $4.32
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