FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sassafras, Inc. reported the following for 2018: Net sales: $335,000.00 Net income: $26,600.00 Market price per share of common stock: $34.50 Dividends: $22,500.00 Average number

image text in transcribed
Sassafras, Inc. reported the following for 2018: Net sales: $335,000.00 Net income: $26,600.00 Market price per share of common stock: $34.50 Dividends: $22,500.00 Average number of shares of common stock outstanding: 124,000 What are the earnings per share for Sassafras, Inc? (Round your final answer to the nearest cent.) O A. $0.18/share O B. $0.08/share OC. $0.03/share O D. $0.21/share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Risk Alert Employee Benefit Plans Industry Developments 2017

Audit Risk Alert Employee Benefit Plans Industry Developments 2017

Authors: AICPA

1st Edition

1945498722, 978-1945498725

More Books

Students also viewed these Accounting questions

Question

★★★★★
A cylinder containing ammonia is fitted with a piston restrained by an external force that is proportional to cylinder volume squared. Initial conditions are 10C, 90% quality and a volume of 5 L. A...

Answered: 1 week ago

Question

★★★★★
ERMEDIATE ACCOUNTING 1 & (310/311/312) Assignment Gradebook ORION Downloadable eTextbook | CALCULATOR FULL SCREEN PRINTER VERSION Question 18 in January 2017, installation costs of $6,700 on new...

Answered: 1 week ago

Question

★★★★★
17. Order Statistics: Let X1, . . . ,Xn be i.i.d. from a continuous distribution F, and let X(i) denote the ith smallest ofX1, . . . ,Xn, i = 1, . . . , n. Suppose we want to simulate X(1) (a)...

Answered: 1 week ago

Question

★★★★★
Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1% preferred stock of $40 par, and 50,000 shares of $120 par common. During its firs four years...

Answered: 1 week ago

Question

★★★★★
Sassafras, Inc. reported the following for 2018: Net sales: $335,000.00 Net income: $26,600.00 Market price per share of common stock: $34.50 Dividends: $22,500.00 Average number of shares of common...

Answered: 1 week ago

Question

★★★★★
first year) in perpetuity. Investment B will generate $1.57 million at the end of the first year, and its revenues will grow at 2.8% per year for every year after that. a. Which investment has the...

Answered: 1 week ago

Question

★★★★★
36. Stock of semi-finished goods is a Ans:1. Fixed capital 2. Working capital 3. Liquid capital 4. Watered capital

Answered: 1 week ago

Question

★★★★★
You are currently working for BestMotors, a US manufacturer. Your main responsibility is managing the shipping of motors from your supplier in China to your company's factory in Michigan. Demand for...

Answered: 1 week ago

Question

★★★★★
________ highlight the number of events (the numerator) relative to potential events (the denominator). a. Trends b. Rates c. Ratios d. Common sizing

Answered: 1 week ago

Question

★★★★★
explain why La Bellissima can use recycled cardboard boxes to A. package up the orders for butter chicken and rice

Answered: 1 week ago

Question

★★★★★
Computerized medical records have promoted ________ in recent years, while industry costs are ________. Question 28 options: a) greater efficiency; rising b) decreased privacy; declining c) greater...

Answered: 1 week ago

Question

★★★★★
Identify the five criteria for effective performance management systems. page 326

Answered: 1 week ago

Question

★★★★★
Explain the employees and companys responsibilities in planning development. page 381

Answered: 1 week ago

Question

★★★★★
Use the 9-box grid for identifying where employees fit in a succession plan and construct appropriate development plans for them. page 406

Answered: 1 week ago

Previous Question Next Question