Rye Company Has Provided the Following Information: • Number of Issued

Multiple Choice

Rye Company has provided the following information: • Number of issued common shares, 225,000
• Net income, $500,000
• Number of authorized common shares, 400,000
• Number of treasury shares, 25,000
What is Rye's earnings per share?

A) $2.50
B) $1.25
C) $2.00
D) $1.33