Candy Corporation had pretax profits of $1.2 million, an average tax r
Candy Corporation had pretax profits of $1.2 million, an average tax rate of 34 percent, and it paid preferred stock dividends of $50,000. There were 100,000 shares outstanding and no interest expense.
What was Candy Corporation’s earnings per share?
A) $3.91
B) $4.52
C) $7.42
D) $7.59
ANSWER
C
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