Question

HNW Manufacturing, Inc. has 255,000 shares of stock outstanding. The firm paid out $255,000 in dividends, $195,000 in interest, and added $193,700 to retained earnings for the year. What is the amount of the earnings per share?
A. $0.70
B. $0.78
C. $1.47
D. $1.63
E. $1.76

Answer

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