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Assume that all balance sheet amounts for Bonita Company represent average balance figures. Stockholders' equity-common $385000 Total stockholders' equity 825000 Sales revenue 401000 Net income

Assume that all balance sheet amounts for Bonita Company represent average balance figures. Stockholders' equity-common $385000 Total stockholders' equity 825000 Sales revenue 401000 Net income 82000 Number of shares of common 47500 stock Common stock dividends 42000 Preferred stock dividends 6000 What is the earnings per share for Bonita? What is the earnings per share for Bonita? O $1.00 O $1.60 O $1.70 O $2.06

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