Solved

Etling Eccentricities Has 400,000 Shares of Common Stock Outstanding, Net

Question 346

Multiple Choice

Etling Eccentricities has 400,000 shares of common stock outstanding, net income after tax of $1.2 million, retained earnings of $17 million, and total equity of $35 million. What is EE's earnings per share?


A) $3.00
B) $4.00
C) $4.25
D) $8.75
E) $13.50

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q341: A Kingston firm has sales of $49,800,

Q342: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7297/.jpg" alt=" What

Q343: Water Forms, Inc. has sales of $268,900,

Q344: Profit margin is defined as:<br>A) EBIT divided

Q345: It is often said that anyone with

Q347: An equity multiplier of 0.64 means that

Q348: The financial ratio days' sales in inventory

Q349: The financial ratio days' sales in receivables

Q350: Calculate the current ratio given the following

Q351: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7297/.jpg" alt=" What