Homework Answers
The answer is $ 6.64
Explanation:
Earnings Per Share = Net Profit Available to Common Share Holders
No.of CommonShare Outstanding at the end of the year
| Net Profit Available to Common Shareholders | $ 33,180 |
|
No of Common Shareholders Outstanding at the end of the year(Excludes Shares which are sold) |
$8400-$3400=$5000 |
Therefore:
Earnings Per share= 33180/5000
= 6.64
Add Answer to:
3rd answer is 3.95 and 4th is 9.76
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