Total revenues and net income for 2013 for Tiger-Cat Corporation is $3,000,000 and $200,000, respectively. Tiger-Cat Corporation has had 400,000 common shares of stock outstanding for all of 2013. The selling price of Tiger-Cat Corporation common shares on December 31, 2013, is $15. Earnings per share for 2013 is:
A) $30.00
B) $7.50
C) $7.00
D) $0.50
Correct Answer:
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