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Required information From the income statement, the corporation had a net income of $724 million for the year. Total dividend

From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 milion shares outstanding. How much is the earnings per share?

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Answer #1

Earnings per share (EPS) = Net Income/ Share outstanding.

EPS = 724/400
EPS = 1.81

Answer. c. 1.81

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