Multiple Choice
Candy Corporation has pretax profits of $1.2 million, an average tax rate of 34 percent, and it pays preferred dividends of $50,000. There are 100,000 shares outstanding and no interest expenses. What is Candy Corporation's earnings per share?
A) $4.52
B) $7.59
C) $7.42
D) $3.91
Correct Answer:
Verified
Correct Answer:
Verified
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