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Ch. 15 Quiz-90 minutes Doonan Corporation has provided the following financial data from its balance sheet and income statement Year 1 ear 2 $1,489,000 $1,440,000

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Ch. 15 Quiz-90 minutes Doonan Corporation has provided the following financial data from its balance sheet and income statement Year 1 ear 2 $1,489,000 $1,440,000 Total assets Stockholders' equity: $360,000 360,000 $ 70,000 70,000 Common stock, $4 par value Additional paid-in capital $ 570,000 550,000 $1,000,000 980,000 $ 15,000 $14,162 $26,300 sRetained earninga Total stockholders' equity Interest expense Income taxes (35) Net income The market price of common stock at the end of Year 2 was $4.79 per share. The company's earnings per share for Year 2 is closest to: Multiple Choice $6.33 per share Aa 8 9 6 3 5 0

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