The balance sheets at the end of each of the first two years of operations indicate the following:

-If net income is $130,000 and interest expense is $40,000 for 2011,what are the earnings per share on common stock for 2011 (rounded to two decimal places)?
A)$2.17
B)$2.68
C)$2.02
D)$2.32

Question

The balance sheets at the end of each of the first two years of operations indicate the following:
 
-If net income is $130,000 and interest expense is $40,000 for 2011,what are the earnings per share on common stock for 2011 (rounded to two decimal places)?
A)$2.17 
B)$2.68 
C)$2.02 
D)$2.32

Quizplus · Accepted Answer

The Answer of The balance sheets at the end of each of the first two years of operations indicate the following:
 
-If net income is $130,000 and interest expense is $40,000 for 2011,what are the earnings per share on common stock for 2011 (rounded to two decimal places)?
A)$2.17 
B)$2.68 
C)$2.02 
D)$2.32

The Balance Sheets at the End of Each of the First