Delfavero Corporation has provided the following data: The company's earnings per share for Year 2 is closest to:
A) $10.33 per share
B) $0.52 per share
C) $0.34 per share
D) $0.79 per share

Question

Delfavero Corporation has provided the following data:  The company's earnings per share for Year 2 is closest to:
A) $10.33 per share 
B) $0.52 per share 
C) $0.34 per share 
D) $0.79 per share

Quizplus · Accepted Answer

To calculate earnings per share, we need the formula EPS = Net Income / Number of Shares Outstanding. From the given data:
- Net Income = $5,743,000 (given as "net income available to common shareholders")
- Number of Shares Outstanding = 16,800,000 (given as "common shares outstanding at the end of Year 2")
Therefore, EPS = $5,743,000 / 16,800,000 = $0.34 per share.

Delfavero Corporation Has Provided the Following Data: the Company's