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Mason Manufacturing had 2012 earnings of$850,000. Cash dividends per share were$1.25. The company had an average of350,000 shares of common stock outstanding. The market price
Mason Manufacturing had 2012 earnings of$850,000. Cash dividends per share were$1.25. The company had an average of350,000 shares of common stock outstanding. The market price of the stock at the end of the year was$30 per share. What are the earnings per share for2012?
A.
$ 21.50.
B.
$ 1.50.
C.
$ 2.43.
D.
$24.00.
E.
This cannot be determined from the information given.
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