Lloyd's Boat Shop,Inc.reports net income of $63,000,income before taxes of $90,000 and interest expense of $18,000.The weighted-average number of shares of common stock outstanding during 2012 was 30,000 shares.The gross profit was $160,000.What are the earnings per share?
A) $2.10
B) $3.00
C) $3.60
D) $5.33
Correct Answer:
Verified
Q111: The times-interest-earned ratio is calculated by dividing
Q141: Earnings per share is only computed for:
A)preferred
Q143: The debt ratio is computed by dividing:
A)total
Q150: The financing option that has the lowest
Q153: A disadvantage of using bonds instead of
Q154: Dammer Corporation wants to raise $2,000,000.The corporation
Q159: The financing option that creates no liabilities
Q173: Which of the following statements about capital
Q180: Following the DuPont analysis model, the higher
Q189: To determine whether a pension plan is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents