The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.Assets Liabilities and Stockholders' Equity Income Statement
-A company reports the following: The company's earnings per share on common stock is
A)$13.33
B)$8.50
C)$7.50
D)$35.00

Question

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.Assets  Liabilities and Stockholders' Equity  Income Statement  
-A company reports the following:  The company's earnings per share on common stock is
A)$13.33 
B)$8.50 
C)$7.50 
D)$35.00

Quizplus · Accepted Answer

The Answer of The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.Assets  Liabilities and Stockholders' Equity  Income Statement  
-A company reports the following:  The company's earnings per share on common stock is
A)$13.33 
B)$8.50 
C)$7.50 
D)$35.00

The Following Information Pertains to Diane Company