Quantum Technology had $640,000 of retained earnings on December 31, 2010. The company paid common dividends of $30,000 in 2010 and had retained earnings of $500,000 on December 31, 2009. How much did Quantum Technology earn during 2010, and what would earnings per share be if 40,000 shares of common stock were outstanding?
The question belongs to Finance. The question is about calculation of earnings per share and retained earnings per share for a technology company. The calculations have been given clearly in the solution in detail.
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