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ABC Company Has Net Income of $5 Million, $40 Million

Question 146

Multiple Choice

ABC Company has net income of $5 million, $40 million of assets, and $10 million of liabilities. The number of outstanding shares of stock is 3 870 000 shares. What are earnings per share?


A) $1.29
B) $0.77
C) $2.35
D) $7.75
E) Earnings per share cannot be computed with the information provided.

Correct Answer:

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