Barbur Inc reported net income of $21.5625 million. During the year the average number of common...
Barbur Inc reported net income of $21.5625 million. During the year the average number of common shares outstanding was 3.75 million. The price of a share of common stock at the end of the year was $5. There were 700,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative
The EPS is approximately
A. $0.17
B. $5.51
C. $5.61
D. $5.75
Homework Answers
EPS is equal to Net income divided by outstanding common shares:
=$21.5625 million/3.75 million
=$5.75
The answer is D.$5.75
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Barbur Inc reported net income of $21.5625 million.
During the year the average number of common...
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