The Porras Corporation has sales of $30 million, total assets of $44 million, stockholders equity of $21.5 million, book value of $15.46 per share, and a net income of $6,230,000. What is the EPS of the company?
Stock holder's equity = $21,500,000
Book value per share = Stock holder's equity / total number of shares outstanding
total number of shares outstanding = $21,500,000 / $15.46 = 1,390,686 shares
EPS = Net Income / total number of shares outstanding
EPS = $6,230,000 / 1,390,686 shares
EPS = $4.4798 (or)
EPS = $4.48 per share
The Porras Corporation has sales of $30 million, total assets of $44 million, stockholders equity of...
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