Toto Company Has the Following Data Available What Are the Earnings Per Share for the Year Ended

Multiple Choice

Toto Company has the following data available:
$\begin{array}{ll}\text { Sales for the year ended December 31, } 2012&\$106,950\\ \text {Gross profit for the year ended December 31, 2012 }&\$45,150\\ \text {Net income for the year ended December 31, 2012 }&\$7,300\\ \text {Total Current Assets, December 31, 2012 }&\$18,700\\\text { Total Current Liabilities, December 31, 2012 } & \$ 7,600 \\\text { Total Assets, December 31, 2012 } & \$ 48,400 \\\text { Total Liabilities, December 31, 2012 } & \$ 20,850 \\\text { Average total common shares outstanding in 2012 } & 1,000 \\\text { Market price per share, December 31, 2012 } & \$ 75,00 \\\text { Preferred dividends declared during 2012 } & \$ 2,000\end{array}$
What are the earnings per share for the year ended December 31,2012?

A) $2.00
B) $5.30
C) $6.30
D) $7.30