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Daniels Transport Has Operating Income of $68,200,interest Expense of $210,dividends

Question 103

Multiple Choice

Daniels Transport has operating income of $68,200,interest expense of $210,dividends paid of $320,depreciation of $12,400,other income of $2,100,common stock of $48,500 with a par value of $1 per share,and retained earnings of $29,700.What is the earnings per share if the tax rate is 21 percent?


A) $1.14
B) $1.21
C) $.82
D) $.96
E) $1.33

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