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Atlantic Corporation reported the following financial statements: (Click the icon to view the financial statements.) The company has 2,600 shares of common stock outstanding. What
Atlantic Corporation reported the following financial statements: (Click the icon to view the financial statements.) The company has 2,600 shares of common stock outstanding. What is Atlantic's earnings per share? (Round the earnings per share to two decimal places, X.XX.) 00 A. $4.28 B. $3.42 C. 2.85 times D. $2.25 Financial Statements Atlantic Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash Equivalents 2,451 $ 2,059 Accounts Receivable 1,813 1,641 Merchandise Inventory 1,320 1,034 1,696 1,990 Prepaid Expenses Total Current Assets Other Assets 7,280 6,724 18,860 16,210 $ 26,140 $ 22,934 Total Assets Liabilities Current Liabilities Long-term Liabilities Total Liabilities 7,234 $ 8,448 4,706 2,946 11,940 11,394 Stockholders' Equity Common Stock, no par 7,400 5,840 6,800 5,700 Retained Earnings 14,200 11,540 Total Stockholders' Equity $ 26,140 $ 22,934 Total Liabilities and Stockholders' Equity Atlantic Corporation Income Statement Year Ended December 31, 2025 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income $ 22,451 4,708 17,743 6,624 11,119 151 10,968 2,078 $ 8,890
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