The following information pertains to Raleigh Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets

- What is the earnings per share on common stock?
A) $9.38
B) $8.38
C) $1.00
D) $5.00

Question

The following information pertains to Raleigh Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets
 
- What is the earnings per share on common stock?
A) $9.38 
B) $8.38 
C) $1.00 
D) $5.00

Quizplus · Accepted Answer

The earnings per share (EPS) on common stock is $9.38. This is calculated by dividing the net income available to common shareholders by the number of outstanding shares.

The Following Information Pertains to Raleigh Company