The balance sheets at the end of each of the first two years of operations indicate the following:

If net income is $115,000 and interest expense is $30,000 for 2012,what are the earnings per share on common stock for 2012, (round to two decimal places)?
A)$2.07
B)$1.92
C)$1.77
D)$1.64

Question

The balance sheets at the end of each of the first two years of operations indicate the following:

If net income is $115,000 and interest expense is $30,000 for 2012,what are the earnings per share on common stock for 2012, (round to two decimal places)?
A)$2.07 
B)$1.92 
C)$1.77 
D)$1.64

Quizplus · Accepted Answer

The Answer of The balance sheets at the end of each of the first two years of operations indicate the following:

If net income is $115,000 and interest expense is $30,000 for 2012,what are the earnings per share on common stock for 2012, (round to two decimal places)?
A)$2.07 
B)$1.92 
C)$1.77 
D)$1.64

The Balance Sheets at the End of Each of the First