Captain forest Ch.11 Shareholder's equity
Captain Forest can you explain this question please
Alberta Ltd. Is a public company trading on the Toronto Stock Exchange. The company's shares are currently trading for $16.00 per share. Alberta just released the following information related to its 2007 year end:
2007
2006
Total assets
$14,500,000
13,250,000
Total liabilities
7,500,000
6,750,000
Net income
762,500
555,000
Preferred share dividends
65,000
65,000
Average number of common shares outstanding
100,000
100,000
Reference: Ref 11-4
For 2007, the company had earnings per share of:
$7.63
$6.98
$6.50
Cannot be calculated with the information provided
The answer is 6.98
Thanks