Neon Blue Co.provided the following summarized balance sheet as of the end of the current year.
$$\begin{array} { | l | r | }
\hline \text { Common Stock, } \$ 10 & \$ 6,500,000 \
\hline \text { Paid-In Capital in Excess of Par-Common Stock } & 950,000 \
\hline \text { Retained Earnings } & 850,000 \
\hline
\end{array}$$
The earnings for the current year were $325,000.Compute the earnings per share of common stock.

Question

Neon Blue Co.provided the following summarized balance sheet as of the end of the current year.
​​ $$\begin{array} { | l | r | } 
\hline \text { Common Stock, } \$ 10 & \$ 6,500,000 \
\hline \text { Paid-In Capital in Excess of Par-Common Stock } & 950,000 \
\hline \text { Retained Earnings } & 850,000 \
\hline
\end{array}$$ ​
The earnings for the current year were $325,000.Compute the earnings per share of common stock.

Quizplus · Accepted Answer

The Answer of Neon Blue Co.provided the following summarized balance sheet as of the end of the current year.
​​ $$\begin{array} { | l | r | } 
\hline \text { Common Stock, } \$ 10 & \$ 6,500,000 \
\hline \text { Paid-In Capital in Excess of Par-Common Stock } & 950,000 \
\hline \text { Retained Earnings } & 850,000 \
\hline
\end{array}$$ ​
The earnings for the current year were $325,000.Compute the earnings per share of common stock.

Neon Blue Co ​ the Earnings for the Current Year Were $325,000

Neon Blue Co
the Earnings for the Current Year Were $325,000