St.Petersburg Corporation
Use the information obtained from the comparative financial statements included in the St.Petersburg Corporation's 2012 annual report that is presented below to answer the questions that follow.All amounts are in thousands of dollars.
Refer to the financial information for St.Petersburg Corporation.
REQUIRED:
Calculate the earnings per share for St.Petersburg for 2012 and 2011 assuming an average of 100,000 common shares were outstanding during 2012 and an average of 80,000 common shares were outstanding during 2011.Explain the change as it probably relates to the market value of the stock.

Question

St.Petersburg Corporation
Use the information obtained from the comparative financial statements included in the St.Petersburg Corporation's 2012 annual report that is presented below to answer the questions that follow.All amounts are in thousands of dollars.
  Refer to the financial information for St.Petersburg Corporation.
REQUIRED:
Calculate the earnings per share for St.Petersburg for 2012 and 2011 assuming an average of 100,000 common shares were outstanding during 2012 and an average of 80,000 common shares were outstanding during 2011.Explain the change as it probably relates to the market value of the stock.

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The Answer of St.Petersburg Corporation
Use the information obtained from the comparative financial statements included in the St.Petersburg Corporation's 2012 annual report that is presented below to answer the questions that follow.All amounts are in thousands of dollars.
  Refer to the financial information for St.Petersburg Corporation.
REQUIRED:
Calculate the earnings per share for St.Petersburg for 2012 and 2011 assuming an average of 100,000 common shares were outstanding during 2012 and an average of 80,000 common shares were outstanding during 2011.Explain the change as it probably relates to the market value of the stock.

St.Petersburg Corporation Use the Information Obtained from the Comparative Financial Statements Included