In 2020 Muller Ltd

Multiple Choice

In 2020 Muller Ltd.earned gross revenues of $2,500,000 and had net income of $480,000.During 2020 the company had 200,000 common shares outstanding and its average shareholders' equity was $1,000,000.Muller's basic earnings per share for 2020 is

A) $2.50.
B) $2.40.
C) $12.50.
D) $0.48.