You have a thing for Tony Stark and jumped at the opportunity to purchase shares of stock in Ironman Brew Co. on January 1st for $85 per share. On December 31 of that year, the stock was valued at $100 per share, the company reported net income of $10 million, and they had paid their shareholders $1.60 per share in dividends during the year. There are 1.25 million shareholders. What were the company's earnings per share during this time period (round to two decimal places)? Group of answer choices $1.60 $8.00 $6.40 $15.00

You have a thing for Tony Stark and jumped at the opportunity to purchase shares of stock in Ironman Brew Co. on January 1st for $85 per share. On December 31 of that year, the stock was valued at $100 per share, the company reported net income of $10 million, and they had paid their shareholders $1.60 per share in dividends during the year. There are 1.25 million shareholders. What were the company's earnings per share during this time period (round to two decimal places)? Group of answer choices $1.60 $8.00 $6.40 $15.00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 21EA: James Corporation earned net income of $90,000 this year. The company began the year with 600 shares...

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