Question
50. Fishing Lures Inc. reported a net income equal to $ 15,000. The dividends declared & paid to the common shareholders equaled $ 5,000. Fishing
50. Fishing Lures Inc. reported a net income equal to $ 15,000. The dividends declared & paid to the common shareholders equaled $ 5,000. Fishing Lures Inc. had 10,000 shares outstanding all year long. What is Fishing Lures Inc.'s earnings per share?
A) $ .50
B) $ 1.00
C) $ 1.50
D) $ 2.00
Answer: C Difficulty: Easy
51. Fishing Lures Inc. reported a net income equal to $ 15,000. The dividends declared & paid to the preferred shareholders equaled $ 5,000 and paid the common stockholders a dividend of $8,000. Fishing Lures Inc. had 10,000 shares outstanding all year long. What value is Fishing Lures Inc.'s earnings per share?
A) $ .50
B) $ 1.00
C) $ 1.50
D) $ .20
Answer: B Difficulty: Hard
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