Essay
Harrison Company has common stock of $50,000 and retained earnings of $40,000 at yearend. During the year, 10,000 shares of stock were outstanding. Net income was reported as $6,000.
A. Calculate earnings per share.
B. How does earnings per share differ from most of the other ratios with respect to financial statements?
Correct Answer:
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A. Earnings per share = Net income / Ave...View Answer
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Correct Answer:
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