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The company has 2,500 shares of common stock outstanding. What is Liberty's earnings per share? (Round the earnings per share to two decimal places, X.XX.)
The company has 2,500 shares of common stock outstanding. What is Liberty's earnings per share? (Round the earnings per share to two decimal places, X.XX.)
A.
$1.62
B.
$1.75
C.
$2.73
D.
2.63
times
Liberty Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash Equivalents Accounts Receivable 2,450 $ 2,094 1,813 1,611 Merchandise Inventory 1,324 1,709 1,060 2,120 Prepaid Expenses Total Current Assets 7,296 6,885 15,737 Other Assets 18,500 $ 25,796 $ 22,622 Total Assets Liabilities Current Liabilities 7,230 $ 4,798 8,467 3,792 Long-term Liabilities Total Liabilities 12,028 12,259 Stockholders' Equity Common Stock, no par 6,568 7,200 4,363 6,000 Retained Earnings Total Stockholders' Equity 13,768 10,363 $ 25,796 $ 22,622 Total Liabilities and Stockholders' Equity Liberty Corporation Income Statement Year Ended December 31, 2025 Net Sales Revenue $ 20,941 7,055 Cost of Goods Sold Gross Profit 13,886 7,065 Operating Expenses Operating Income 6,821 210 Interest Expense Income Before Income Taxes 6,611 Income Tax Expense 2,563 $ 4,048 Net IncomeStep by Step Solution
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