Mason Manufacturing had 2012 earnings of $850,000.Cash dividends per share were $1.25.The company had an average of 350,000 shares of common stock outstanding.The market price of the stock at the end of the year was $30 per share.What are the earnings per share for 2012?
A) $ 1.50.
B) $24.00.
C) $ 2.43.
D) $ 21.50.
E) This cannot be determined from the information given.
Correct Answer:
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