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Recher Corporations common stock has a par value of $3 per share and has been stable at a total ...

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Recher Corporations common stock has a par value of $3 per share and has been stable at a total ...

Recher Corporation’s common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company’s balance sheet for several years. The total stockholders’ equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.

The company’s earnings per share is closest to:

▸ $7.37 per share

▸ $0.45 per share

▸ $0.30 per share

▸ $0.19 per share

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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