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bravata bravata
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Posts: 1417
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7 years ago
Serenity Sounds, Inc. reported the following for 2012:

Net sales:    $220,000
Net income:   $37,000
Market price per share of common stock:   $28.75
Dividends:   $4,100
Average number of shares of common stock outstanding:    10,000

What are the earnings per share for Serenity Sounds, Inc. (to the nearest cent)?
A) $37.00/share
B) $28.75/share
C) $0.41/share
D) $3.70/share
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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Posts: 939
7 years ago
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bravata Author
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Good timing, thanks!
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Brilliant
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