Barbur, Incorporated reported net income of $12.5625 million. During the year the average number of common shares outstanding was 3.35 million. The price of a share of common stock at the end of the year was $5. There were 540,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The EPS is: Multiple Choice O O $0.27. $3.51. $3.61. $3.75.

Barbur, Incorporated reported net income of $12.5625 million. During the year the average number of common shares outstanding was 3.35 million. The price of a share of common stock at the end of the year was $5. There were 540,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The EPS is: Multiple Choice O O $0.27. $3.51. $3.61. $3.75.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Barbur, Incorporated reported net income of $12.5625 million. During the year the average number of common shares outstanding was
3.35 million. The price of a share of common stock at the end of the year was $5. There were 540,000 shares of preferred stock
outstanding on average and no dividends were declared and the preferred stock is noncumulative.
The EPS is:
Multiple Choice
O
C
O
$0.27.
$3.51.
$3.61.
$3.75.

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