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

Your reddie says that this is not homework, it's study work - but I fail to see the difference between the two.

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net income of $24,000 / number of shares outstanding of 6,000

24000/6000 = 4 eps