A real estate firm has 5000 shares outstanding . Sales were $ 425,000 , costs at...
Homework Answers
First we will find the net income as per below:
| Description | Amount |
| Sales | 425000 |
| Less: Costs | (270000) |
| Earnings before taxes | 155000 |
| Less: Taxes @ 35% | (54250) |
| Net income | 100750 |
Now,
Earnings per share = Net income / Total no. of shares outstanding
Earnings per share = $100750 / 5000
Earnings per share = $20.15
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A real estate firm has 5000 shares outstanding . Sales were $
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