Finding out the earnings per share
For 2010, Kuhlman Corporation reported net income of $28,000; net sales $400,000; and average shares outstanding of 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?
A) $4.67
B) $0.25
C) $66.67
D) $14.86
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For year 2010, Kuhlman Corporation reported total income of $28,000; net sales $400,000; and average shares outstanding of 6,000. There were no preferred stock dividends. Determine the 2010 earnings per share?
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