For 2010, Fielder Corporation reported net income of $30,000; net sales $400,000; and average shares outstanding of 6,000. There were no preferred stock dividends. What was the 2010 earnings per share? (Points: 4)
$4.66
$0.20
$66.67
$5.00
the answer is 5.00
To calculate the earnings per share (EPS), you need to divide the net income by the average number of shares outstanding.
In this case, the net income for 2010 is given as $30,000, and the average shares outstanding is given as 6,000.
So, to calculate the EPS, you would divide $30,000 by 6,000:
EPS = $30,000 / 6,000 = $5.00
Therefore, the earnings per share for 2010 is $5.00.
The correct answer is $5.00.