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A company has 1,000 shareholders who own a total of one million shares of its common stock currently selling at $8 per share. The company

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A company has 1,000 shareholders who own a total of one million shares of its common stock currently selling at $8 per share. The company earned $11,000,000 after taxes. The annual dividend is $.50 per share. The firm has assets of $142,000,000 and liabilities of $24,000,000. What are the earnings per share for the firm's common stock? Multiple Choice $1,100 $11 $110 $11,000,000 $11,000

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