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Platinum Company Reports Profit of $520,000 for 2009 and Declared

Question 27

Multiple Choice

Platinum Company reports profit of $520,000 for 2009 and declared a cash dividend of $1 per share on each of its 100,000 ordinary shares outstanding. What are earnings per share for 2009?


A) $5.20 per share.
B) $1.00 per share.
C) $1.20 per share.
D) $4.80 per share.

Correct Answer:

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