Multiple Choice
Rye Company has provided the following information:
Number of issued common shares,225,000;
Net income,$500,000;
Number of authorized common shares,400,000;
Number of treasury shares,25,000.
What is Rye's earnings per share?
A) $2.50
B) $1.25
C) $2.22
D) $1.33
Correct Answer:
Verified
Correct Answer:
Verified
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