A Company Has Net Profit of $365 000 for the Current

Multiple Choice

A company has net profit of $365 000 for the current year. It paid its required preference dividend of $17 500 and had no other share transactions during the year. The average number of ordinary shares issued during the year was 69 500. What is the earnings per share?

A) $5.25
B) $1.00
C) $4.37
D) $5.00