Question 2 TCO B For 2014 LBJ Corporation reported net incom

Question 2 (TCO B) For 2014, LBJ Corporation reported net income of $37,500; net sales $562,500, and weighted average shares outstanding of 7,500. There were no preferred dividends. What was the 2014 earnings per share? o $75.00 O $50.00 o $15.00 o $5.00

Solution

Answer :D)$5.00

                          Earning per share = net income/number of shares outstanding

                        Earning per share = $37,500/$7,500

                                                         = $5.00

            2014 earning per share = $5.00