Rye Company Has Provided the Following Information: • Weighted Average

Question 44
Multiple Choice

Rye Company has provided the following information: • Weighted average number of outstanding common shares,200,000 • Net income,$500,000 • Number of authorized common shares,400,000 • Number of treasury shares,25,000 If Rye has issued 225,000 shares,what is Rye's earnings per share (EPS)? A)$2.50 B)$1.25 C)$2.00 D)$1.33