Hernande Corporation Has Provided the Following Data The Company's Earnings Per Share for Year 2 Is Closest

Hernande Corporation has provided the following data: $\begin{array}{ll}&\text { Year 2 } & \text { Year 1 } \\\text {Common stock, \$4 par value }&\$ 400,000 & \$ 400,000 \\\text {Net operating income. }&\$ 75,429 & \\\text {Net income before taxes }&\$ 61,429 & \\\text {Net income }&\$ 43,000 &\end{array}$ The company's earnings per share for Year 2 is closest to:

A) $4.25 per share
B) $0.43 per share
C) $0.61 per share
D) $0.75 per share

Correct Answer:

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