Problem

The Miami Herald ran a story on Carnival Cruise's profit per share. For the third quar...

The Miami Herald ran a story on Carnival Cruise's profit per share. For the third quarter, Carnival earned $734.3 million with 815.9 million shares of stock outstanding. Last year, earnings were $500.8 million, or 85 cents a share. (a) How much were the earnings per shareholder for the third quarter? Round to the nearest cent. (b) How many shareholders did Carnival Cruise have last year? Round to the nearest hundred thousands. Check your answers.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search
Solutions For Problems in Chapter 3