A corporation has 2000 shares, 10%preferred stock of $60.00 par preferred stock, and 8,000 shares of common stock outstanding.The net income for the year is $280,000. What is the earnings per share?

a. $140.00

b. $35.00

c. $33.50

d. $60.00

If: the short term Investments $46,000

Net Accounts Receivable $17,000

Merchandise Inventory $49,000

Total Assets $48,000

Accounts Payable$123,000

Salaries Payable$13,000

Long- term Notes Payable $55,000

What is the current Ratio?

a. 1.18

b. 4.06

c. 6.81

d. 0.85