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Assume that all balance sheet amounts for Carolina Company represent average balance figures. Stockholders' equitycommon $360,000Total stockholders' equity800,000Sales revenue400,000Net income76,000Number of shares of common stock40,000Common

Assume that all balance sheet amounts for Carolina Company represent average balance figures. Stockholders' equitycommon $360,000Total stockholders' equity800,000Sales revenue400,000Net income76,000Number of shares of common stock40,000Common stock dividends24,000Preferred stock dividends4,000What is the earnings per share for Carolina?A)$1.90B)$1.80C)$1.20D)$2.00

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