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Reunion Corporation Provides the Following Information Based on the Information Provided Above,compute the Earnings Per Share

Question 269

Multiple Choice

Reunion Corporation provides the following information.  March 31,2018 March 31, 2019  Net Income $358,000$425,500 Preferred Dividends 00 Total Stockholders’ Equity $4,380,000$5,132,000 Stockholders’ Equity attributable to Preferred Stock 00 Number of Common Shares Outstanding 294,464195,168\begin{array} { | l | r | r | } \hline & \text { March } 31,2018 & \text { March 31, 2019 } \\\hline \text { Net Income } & \$ 358,000 & \$ 425,500 \\\hline \text { Preferred Dividends } & 0 & 0 \\\hline \text { Total Stockholders' Equity } & \$ 4,380,000 & \$ 5,132,000 \\\hline \text { Stockholders' Equity attributable to Preferred Stock } & 0 &0 \\\hline \text { Number of Common Shares Outstanding } & 294,464 &195,168 \\\hline\end{array} Based on the information provided above,compute the earnings per share of Reunion Corporation as of March 31,2019.(Round any intermediate calculations and your final answer to the nearest cent.)


A) $1.22
B) $2.18
C) $1.74
D) $1.46

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