Assume that all balance sheet amounts for Carolina Company represent average balance figures. $$\begin{array} { l r }
\text { Stockholders' equity-common } & \$ 360,000 \
\text { Total stockholders' equity } & 800,000 \
\text { Sales revenue } & 400,000 \
\text { Net income } & 76,000 \
\text { Number of shares of common stock } & 40,000 \
\text { Common stock dividends } & 24,000 \
\text { Preferred stock dividends } & 4,000
\end{array}$$ What is the earnings per share for Carolina?

Question

Assume that all balance sheet amounts for Carolina Company represent average balance figures. $$\begin{array} { l r } 
\text { Stockholders' equity-common } & \$ 360,000 \
\text { Total stockholders' equity } & 800,000 \
\text { Sales revenue } & 400,000 \
\text { Net income } & 76,000 \
\text { Number of shares of common stock } & 40,000 \
\text { Common stock dividends } & 24,000 \
\text { Preferred stock dividends } & 4,000
\end{array}$$ What is the earnings per share for Carolina?

Quizplus · Accepted Answer

The Answer of Assume that all balance sheet amounts for Carolina Company represent average balance figures. $$\begin{array} { l r } 
\text { Stockholders' equity-common } & \$ 360,000 \
\text { Total stockholders' equity } & 800,000 \
\text { Sales revenue } & 400,000 \
\text { Net income } & 76,000 \
\text { Number of shares of common stock } & 40,000 \
\text { Common stock dividends } & 24,000 \
\text { Preferred stock dividends } & 4,000
\end{array}$$ What is the earnings per share for Carolina?

Assume That All Balance Sheet Amounts for Carolina Company Represent