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.
net income of $24,000 / number of shares outstanding of 6,000
24000/6000 = 4 eps