Doonan Corpo ration has provided the following financial data from its balance s

Question

Doonan Corpo ration has provided the following financial data from its balance sheet and income stateme Year Year 2 $1,489,000 1,440,000 Total assets Stockholders' equity: 360,000 360,000 $ 70,00070,000 Common stock, $4 par value Additional paid-in capital Retained earnings Total stockholders equity Interest expense Income taxes (35%) Net income 570,000 550,000 $1,000,000 980,000 $15, 000 14,162 $26,300 The market price of common stock at the end of Year 2 was S4.79 per share. The company's earnings per share for Year 2 is closest to: Mutiple Choice $6.33 per share

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars Amount Net Income         26,300.00 No of shares = 360,000/4         90,000.00 Earning per share = 26300/90000                    0.29

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