What was the 2012 earnings per share

Reference no: EM13273253

For 2012, LBJ Corporation reported net income of $40,000; net sales $1,400,000; and weighted average shares outstanding of 10,000. There were no preferred stock dividends. What was the 2012 earnings per share?

a. $4.00
b. $2.00
c. $14.00
d. $140.00

Reference no: EM13273253

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