Lemon inc. has earnings per share of 3.56 for the year, Ask an Expert

Accounting

Lemon, Inc. has earnings per share of $3.56 for the year 2009. Orange, Inc., its competitor, has earnings per share of $4.78 for the same period. Which of the following are possible explanations for the higher earnings per share of Orange, Inc.? Select all possible answers

A. Lemon, Inc. had higher net income than Orange, Inc.

B. Lemon, Inc. paid preferred dividends while Orange, Inc. did not.

C. Lemon, Inc. had a larger number of shares outstanding than Orange, Inc.

D. Orange, Inc. acquired a large amount of its shares through treasury stock in 2009

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Accounting Basics, Accounting

Category:- Accounting Basics
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