A.
$0.5335
a firm had the following accounts and financial data for 2005:
sales revenue
$3,060
accounts receivable
$500
interest expense
$126
total operating expenses
$600
accounts payable
$240
cost of goods sold
$1,800
preferred stock dividends
$18
tax rate
40%
number of common shares outstanding
1,000
the firm's earnings per share, rounded to the nearest cent, for 2005 was answer
a.
$0.5335
b.
$0.5125
c.
$0.3204
d.
$0.3024