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A Company Had 125,000 Shares of Ordinary Share Outstanding on January

Question 39

Multiple Choice

A company had 125,000 shares of ordinary share outstanding on January 1 and then sold 35,000 additional shares on March 30. Profit for the year was $594,750. What are earnings per share?


A) $4.73
B) $4.58
C) $3.93
D) $6.61

Correct Answer:

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