Guynn Corporation's most recent balance sheet and income statement appear below:
Dividends on common stock during Year 2 totaled $10 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.05 per share.
-The earnings per share of common stock for Year 2 is closest to:
A) $0.79
B) $0.50
C) $1.14
D) $0.55
Correct Answer:
Verified
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