Multiple Choice
Ethelred Corp. reported net income for the current year of $480,000. Ethelred Corp. had 8,500 shares of $100 par value, 15% preferred stock outstanding and 50,000 shares of $10 par value common stock outstanding for the entire year. Earnings per share was:
A) $7.05.
B) $7.20.
C) $8.00.
D) $6.67.
Correct Answer:
Verified
Correct Answer:
Verified
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