[The following information applies to the questions displayed below.]
Shown below are selected data from the financial statements of Supreme Co.Dollar amounts are in millions (except for the per share data).
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 capital stock as trading at $88 per share.
-200 What was Supreme's operating income (in millions)?
A)$710
B)$390
C)$270
D)$520

Question

[The following information applies to the questions displayed below.]
Shown below are selected data from the financial statements of Supreme Co.Dollar amounts are in millions (except for the per share data).
  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 capital stock as trading at $88 per share.
-200 What was Supreme's operating income (in millions)?
A)$710 
B)$390 
C)$270 
D)$520

Quizplus · Accepted Answer

Supreme's operating income is given as $270 million.

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