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Final Examination $-$ Blackboarc

$M$ Question $28-$ Final Examinatio $,x$

Year $2014$ Calendz

Final Examination

$28$ Barbur, Incorporated reported net income of $$20\mathrm{.}35$ million. During the year the average number of common shares outstanding was $3\mathrm{.}7$ million. The price of a share of common stock at the end of the $$80\mathrm{.}000$ shares $$5$ There were $680,000$ shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative.

The EPS is:

Multiple Choice

$$018.$

$$5\mathrm{.}26$

$$5\mathrm{.}36$

$$5\mathrm{.}50$