Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.The company's earnings per share is closest to:

A. $0.45 per share
B. $0.30 per share
C. $0.19 per share
D. $7.37 per share


Answer: C

Business

You might also like to view...

The SEC's position is generally that if management refuses to correct a material misstatement, then the auditor is obligated to issue a qualified or an adverse opinion on the financial statements

a. True b. False Indicate whether the statement is true or false

Business

In which of the following situations is the direct organizational method the preferred way to deliver bad news?

A) The news is likely to upset or anger the audience B) The news is irrelevant to health and safety C) The news is difficult to explain and understand D) It is important that the audience sees the news immediately E) The news is unexpected

Business

Supermarkets know that most senior citizens shop on Wednesday, so the music that day is mostly big band sound from the 1940s. Which environmental dimension of the servicescape are the supermarkets using?

Fill in the blank(s) with the appropriate word(s).

Business

What is the significance of domain analysis to design?

What will be an ideal response?

Business