Multiple Choice
Barbur,Inc.reported net income of $12 million.During the year the average number of common shares outstanding was 3 million.The price of a share of common stock at the end of the year was $5.There were 400,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The EPS is approximately:
A) $0.80.
B) $3.52.
C) $3.72.
D) $4.00.
Correct Answer:
Verified
Correct Answer:
Verified
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