For 2004 Stoneland Corporation re- ported net income $24,000; net sales $400,000; and average shares outstanding 6,000.

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For 2004 Stoneland Corporation re- ported net income $24,000; net sales $400,000; and average shares outstanding 6,000. There were no preferred stock dividends. What was the 2004 earnings per share?

(a) $4.00

(c) $16.67

(b) $0.06

(d) $66.67 AppendixLO1

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471691952

3rd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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For 2004 Stoneland Corporation re- ported net income $24,000; net sales $400,000; and average shares outstanding 6,000.

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Financial Accounting Tools For Business Decision Making

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