BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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?
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$3.91
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$4.52
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$7.42
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$7.59
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Explanation:
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