Melrose Corporation's Books Revealed the Following Data for the Current

Multiple Choice

Melrose Corporation's books revealed the following data for the current year:
Net income $50,000
Retained earnings $750,000
Common shares, January 1 25,000 shares
Common shares, December 31 30,000 shares
The earnings per share is:

A) $30.00
B) $2.00
C) $1.82
D) $1.67