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    bettyboop13's Avatar
    bettyboop13 Posts: 6, Reputation: 1
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    #1

    Aug 3, 2008, 11:29 AM
    Earnings per share
    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's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    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's Avatar
    949 Posts: 31, Reputation: 2
    Junior Member
    		  
    #3

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

    24000/6000 = 4 eps
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