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bettyboop13
Aug 3, 2008, 11:29 AM
Last year, Stoneland Corp reported the following: net sales of $400,00, net income of $24,000, and number of shares outstanding of 6,000. There were no preferred stock dividends. What was the earnings per share (EPS).

a) $0.06
b) $4.00
c) $66.67
d) $16.67

JudyKayTee
Aug 3, 2008, 01:46 PM
Your reddie says that this is not homework, it's study work - but I fail to see the difference between the two.

Here's the "sticky" quote:

"Do NOT ask Homework Help questions here.

We have a separate area for Homework Help under Education.


Posted by site administrator.

949
Aug 3, 2008, 04:34 PM
net income of $24,000 / number of shares outstanding of 6,000

24000/6000 = 4 eps