The Anchorage Company provided the following information from its financial records:
What is the amount of the company's earnings per share?
A)$1.33
B)$1.44
C)$1.60
D)$25.00

Question

The Anchorage Company provided the following information from its financial records:
What is the amount of the company's earnings per share? 
A)$1.33 
B)$1.44 
C)$1.60 
D)$25.00

Quizplus · Accepted Answer

To calculate earnings per share, we divide net income ($1,728,000) by the number of outstanding shares (1,200,000). $1,728,000 ÷ 1,200,000 shares = $1.44 per share. Therefore, the correct answer is (B) $1.44.

The Anchorage Company Provided the Following Information from Its Financial