Answered
Monroe Company reported the following information for the year ended December 31, 2010: Net income $600,000 Preferred dividends declared and paid 60,000 Common dividends declared and paid 80,000 Average common shares outstanding 90,000 Ending market price per share 40 Net sales 4,100,000\begin{array}{ll}\text { Net income } & \$ 600,000 \\\text { Preferred dividends declared and paid } & 60,000 \\\text { Common dividends declared and paid } & 80,000 \\\text { Average common shares outstanding } & 90,000 \\\text { Ending market price per share } & 40 \\\text { Net sales } & 4,100,000\end{array} Net income Preferred dividends declared and paid Common dividends declared and paid Average common shares outstanding Ending market price per share Net sales $600,00060,00080,00090,000404,100,000 Monroe's earnings per share for 2010 was
A) $6.67
B) $6.00
C) $5.11
D) $0.15
On May 28, 2024