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The common stock of KRJ Enterprises is currently selling for $32.74 per share. Last year the...

The common stock of KRJ Enterprises is currently selling for $32.74 per share. Last year the company reported net income of $352 million and there were 200 million shares of common stock outstanding. What was the company's earnings per share? Present your answer to two decimal places. e.g. $20.00. Show steps

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Answer #1

Earnings per share=Total net income/no of shares outstanding

Earnings per share=352/200

Earnings per share=1.76

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