Business, 26.11.2019 00:31, briarajeannette893
Darby's company reported net income after taxes of $2,000,000, on sales of $225 million. her boss asked her to calculate the earnings per share for stockholders. darby noted that the company's balance sheet showed 44 million shares outstanding. to explain to him that her calculation is correct, darby's correct response is
a) $5.12 per share. earnings per share is calculated by taking the sales dollars and dividing by the number of shares issued and outstanding
b) $0.45 per share. earnings per share means sales of $225 million is divided by the number of common shares outstanding
c) $4.50 per share. earnings per share is calculated by taking the number of shares issued and outstanding and dividing by the net income after taxes
d) $0.045 per share. earnings per share is calculated by taking net income after taxes and dividing by the total number of common shares issued and outstanding
Answers: 2
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Darby's company reported net income after taxes of $2,000,000, on sales of $225 million. her boss as...
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