For 2017 Kuhlman Corporation reported net income of $36,000; net sales $400,000; and average share outstanding 16,000. There were no preferred dividends. What was the 2017 earnings per share?

Name: For 2017 Kuhlman Corporation reported net income of $36,000; net sales $400,000; and average share outstanding 16,000. There were no preferred dividends. What was the 2017 earnings per share?
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Question

Quizplus · Accepted Answer

Earnings per share (EPS) = net income / average shares outstanding
EPS = $36,000 / 16,000
EPS = $2.25

For 2017 Kuhlman Corporation Reported Net Income of $36,000; Net