The following balances and amounts were taken from the financial statements of Pina, Inc. The data are presented in alphabetical order. Accounts payable $37100 Cash provided by operations $92200 Accounts receivable 38700 Net income 37558 Average common shares outstanding 21100 Salaries and wages payable 8800 Average current liabilities 112200 Stockholders' equity 249000 Average and total assets 614000 Total current assets 308000 Average total liabilities 323000 Total current liabilities 126000 Cash 148000 How much is earnings per share? O $0.15 O $1.78 O $0.57 O $0.85

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.1.2MBA
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The following balances and amounts were taken from the financial statements of Pina, Inc. The data are presented in alphabetical
order.
Accounts payable
$37100
Cash provided by operations $92200
Accounts receivable
38700
Net income
37558
Average common shares outstanding 21100
Salaries and wages payable
8800
Average current liabilities
112200
Stockholders' equity
249000
Average and total assets
614000
Total current assets
308000
Average total liabilities
323000
Total current liabilities
126000
Cash
148000
How much is earnings per share?
O $0.15
O $1.78
O $0.57
O $0.85
Transcribed Image Text:The following balances and amounts were taken from the financial statements of Pina, Inc. The data are presented in alphabetical order. Accounts payable $37100 Cash provided by operations $92200 Accounts receivable 38700 Net income 37558 Average common shares outstanding 21100 Salaries and wages payable 8800 Average current liabilities 112200 Stockholders' equity 249000 Average and total assets 614000 Total current assets 308000 Average total liabilities 323000 Total current liabilities 126000 Cash 148000 How much is earnings per share? O $0.15 O $1.78 O $0.57 O $0.85
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