$ $ Current assets Net income 38500 42000 Stockholders' Current liabilities 15400 78600 equity Average assets 161300 Total liabilities 43200 Total assets 126000 Average common shares outstanding was 15700. O $5.01 O $8.03 O $2.68 O $0.37

$ $ Current assets Net income 38500 42000 Stockholders' Current liabilities 15400 78600 equity Average assets 161300 Total liabilities 43200 Total assets 126000 Average common shares outstanding was 15700. O $5.01 O $8.03 O $2.68 O $0.37

Name: Using the following balance sheet and income statement data, what is
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Description: Using the following balance sheet and income statement data, what is the earnings per share?$Current assetsNet income3850042000Stockholders'Current liabilities1540078600equityAverage assets161300Total liabilities43200Total assets126000Average common

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...

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