Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data) .
Per share data (these amounts stated in actual dollars, not millions) :
Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year end, the Wall Street Journal listed Supreme's shares as trading at $88 per share.
-Refer to the above data. What was Supreme's operating profit? (in millions) :
A) $710.
B) $390.
C) $270.
D) Some other amount.
Correct Answer:
Verified
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