Candy Corporation had pretax profits of $1.2 million, an average tax rate of 34 percent, and it paid preferred stock dividends of $50,000. There were 100,000 shares outstanding and no interest expense

What was Candy Corporation's earnings per share?
A) $3.91
B) $4.52
C) $7.42
D) $7.59


C

Business

You might also like to view...

An adjusting entry made to record accrued interest on a note payable due next year consists of

a. Interest Expense – Debit; Cash – Credit. b. Interest Receivable – Debit; Interest Income – Credit. c. Interest Expense – Debit; Notes Payable – Credit. d. Interest Expense – Debit; Interest Payable – Credit.

Business

You have just received your cell phone bill, and realized that you have been charged this month and for several previous months for a calling feature you did not authorize. You called the cell phone provider but were told that only the charge for this month can be credited. You are planning to write a letter to get your bill adjusted. What tone should your letter have? Why?

Business

Under which of the following do planning tasks associated with job assignments, ordering, job scheduling, and dispatching typically fall?

A) short-range plans B) intermediate-range plans C) long-range plans D) mission-related planning E) strategic planning

Business

A warranty of title cannot be disclaimed

Indicate whether the statement is true or false

Business