Total revenues and net income

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Reference no: EM13806722

Total revenues and net income for 2011 for Lake Corporation is $3,500,000 and $280,000 respectively. Lake Corporation has had 400,000 common shares of stock outstanding for all of 2011. The selling price of smith lake corporation common stock on December 31, 2011 is $18. Earnings per share for 2011 are:

a. 12.50

b. $.70

c. $8.75

d. $35.00

Reference no: EM13806722

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