Hernande Corporation has provided the following data: $\begin{array}{ll}
&\text { Year 2 } & \text { Year 1 } \
\text {Common stock, \$4 par value }&\$ 400,000 & \$ 400,000 \
\text {Net operating income. }&\$ 75,429 & \
\text {Net income before taxes }&\$ 61,429 & \
\text {Net income }&\$ 43,000 &
\end{array}$ The company's earnings per share for Year 2 is closest to:
A)$4.25 per share
B)$0.43 per share
C)$0.61 per share
D)$0.75 per share

Question

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The Answer of Hernande Corporation has provided the following data: $\begin{array}{ll}
&\text { Year 2 } & \text { Year 1 } \
\text {Common stock, \$4 par value }&\$ 400,000 & \$ 400,000 \
\text {Net operating income. }&\$ 75,429 & \
\text {Net income before taxes }&\$ 61,429 & \
\text {Net income }&\$ 43,000 &
\end{array}$ The company's earnings per share for Year 2 is closest to:
A)$4.25 per share
B)$0.43 per share
C)$0.61 per share
D)$0.75 per share

Hernande Corporation Has Provided the Following Data The Company's Earnings Per Share for Year 2 Is Closest