For the year that just ended, a company reports net income of $1,500,000. There are 500,000...
For the year that just ended, a company reports net income of $1,500,000. There are 500,000 shares authorized, 300,000 shares issued, and 250,000 shares of common stock outstanding. What is the earnings per share?
a. $5.00
b. $6.00
c. $2.50
d. $3.00
Homework Answers
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Earnings per share = Net income/Outstanding common shares = 1,500,000/250,000 = 6 Option B is the answer |
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