What was the earnings per share
For 2012, Ganos Corporation reported net income $26,000; net sales $400,000; and average shares outstanding 4,000. There were preferred stock dividends of $2,000. What was the 2012 earnings per share?
(a) $6.00
(b) $6.50
(c) $99.50
(d) $100.00
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An investment offers a 11 percent total return over the coming year. Bill Bernanke thinks the total real return on this investment will be only 8.4 percent. Required: What does Bill believe the inflation rate will be over the next year?
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Average shares outstanding 4,000. There were preferred stock dividends of $2,000. What was the 2012 earnings per share?
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