Multiple Choice
Speed Inc.reported a net income equal to $15,000.The dividends declared & paid to the preferred shareholders equaled $ 5,000 and paid the common stockholders a dividend of $8,000.Speed Inc.had 10,000 shares outstanding all year long.What value is Speed Inc.'s earnings per share?
A) $ .50
B) $ 1.00
C) $ 1.50
D) $ .20
Correct Answer:
Verified
Correct Answer:
Verified
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