Pearson eText Foundations of Finance -- Instant Access (Pearson+)
Pearson eText Foundations of Finance -- Instant Access (Pearson+)
10th Edition
ISBN: 9780135639382
Author: Arthur Keown, John Martin
Publisher: PEARSON+
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Chapter 3, Problem 2SP
Summary Introduction

To determine: The earnings per share of Company R.

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(Working with the income​ statement)  If the Marifield Steel Fabrication Company earned $463,000 in net income and paid a cash dividend of $280,000 to its​ stockholders, what are the​ firm's earnings per share if the firm has 103,000 shares of stock​ outstanding? The​ company's earnings per share are? round nearest cent ​
if the Marifield Steel Fabrication Company earned $470 in net income and paid a cash dividend of $271,000 to its stockholders, what are the firm's earnings per share if the firm has 101,000 shares of stock outstanding?  The company's earnings per share are ?
If the Marifield Steel Fabrication Company earned $539,000 in net income and paid a cash dividend of $259,000 to its​ stockholders, what are the​ firm's earnings per share if the firm has 93,000 shares of stock​ outstanding?
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