You own shares of a company that reported after-tax earnings of $34 million and has issued 20 million shares of stock. The company's stock price is $23.97 per share. Calculate the company's earnings per share.
You own shares of a company that reported after-tax earnings of $34 million and has issued 20 million shares of stock. The company's stock price is $23.97 per share. Calculate the company's earnings per share.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 38MCQ
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Q7
You own shares of a company that reported after-tax earnings of $34 million and has issued 20 million shares of stock. The company's stock price is $23.97 per share. Calculate the company's earnings per share.
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