Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's earnings per share for Year 2 is closest to:
A)$0.31 per share
B)$0.47 per share
C)$0.79 per share
D)$3.88 per share

Question

Settles Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's earnings per share for Year 2 is closest to:
A)$0.31 per share 
B)$0.47 per share 
C)$0.79 per share 
D)$3.88 per share

Quizplus · Accepted Answer

The Answer of Settles Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's earnings per share for Year 2 is closest to:
A)$0.31 per share 
B)$0.47 per share 
C)$0.79 per share 
D)$3.88 per share

Settles Corporation Has Provided the Following Financial Data