(TCO B) For 2014, LBJ Corporation reported net income of $37,500; net sales of $562,500; and...

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Answer 1

Answer #1

Answer

All working forms part of the answer
Earnings per share = Net Income for Common Stockholders / No. of weighted average no. of common shares outstanding

Net Income reported	$ 37,500.00
Less: preferred dividend if any	$ -
Net Income for Common Stockholders	$ 37,500.00
No. of weighted average shares outstanding	7,500
2014 Earnings per share	$ 5.00
Correct Answer	Option #4: $ 5.00 =ANSWER

Answer 2

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