Solved

Canfield Corporation Reports Net Income of $600,000 for the Year

Question 142

Multiple Choice

Canfield Corporation reports net income of $600,000 for the year ended December 31,2017.The number of common shares outstanding for 2017 is 125,000.The dividend per share paid to shareholders during 2017 was $75.What is the earnings per share?


A) $8.00
B) $4.80
C) $15.63
D) $0.21

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents