Question

Ten years ago, Kronan Corporation earned $0.5 per share. Its earnings this year were $1.6.

a) The earnings per share have decreased.
b) The earnings per share have remained the same.
c) The earnings per share have increased.
d) The earnings per share cannot be determined.

Answer 1

Comparing Kronan Corporation's earnings from ten years ago at $0.5 per share to this year's $1.6 per share shows an increase in earnings per share.

Step-by-step explanation:

The student has presented a question regarding the performance of Kronan Corporation's earnings per share (EPS) over a period of ten years. To determine if the EPS has increased, remained the same, or decreased, we compare the past and current earnings. Ten years ago, Kronan Corporation earned $0.5 per share, while this year, it has reported earnings of $1.6 per share.

Comparing the two figures, it is clear that the EPS has increased from $0.5 to $1.6. Therefore, the correct answer to the student's question is that the earnings per share have increased, which corresponds to option (c).