Amber,Inc.provides the following information for 2019: $$\begin{array} { | l | r | }
\hline \text { Net income } & \$ 250,000 \
\hline \text { Market price per share of common stock } & \$ 50 \text { per share } \
\hline \text { Dividends paid } & \$ 180,000 \
\hline \text { Common stock outstanding at Jan. } 1,2019 & 160,000 \text { shares } \
\hline \text { Common stock outstanding at Dec. } 31,2019 & 200,000 \text { shares } \
\hline
\end{array}$$ The company has no preferred stock outstanding.Calculate the earnings per share for 2019.(Round your answer to two decimal places.)
A) $0.39 per share
B) $1.56 per share
C) $1.39 per share
D) $1.25 per share

Question

Amber,Inc.provides the following information for 2019: $$\begin{array} { | l | r | } 
\hline \text { Net income } & \$ 250,000 \
\hline \text { Market price per share of common stock } & \$ 50 \text { per share } \
\hline \text { Dividends paid } & \$ 180,000 \
\hline \text { Common stock outstanding at Jan. } 1,2019 & 160,000 \text { shares } \
\hline \text { Common stock outstanding at Dec. } 31,2019 & 200,000 \text { shares } \
\hline
\end{array}$$ The company has no preferred stock outstanding.Calculate the earnings per share for 2019.(Round your answer to two decimal places.)
A) $0.39 per share
B) $1.56 per share
C) $1.39 per share
D) $1.25 per share

Quizplus · Accepted Answer

The information provided does not include net income or earnings, so we cannot calculate earnings per share. We need more information such as net income and the number of outstanding common shares. Therefore, none of the given choices are correct.

Amber,IncProvides the Following Information for 2019 The Company Has No Preferred Stock Outstanding