Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Twenty metrics of liquidity, solvency, and profitability
The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8
Instructions
Earnings per share on common stock
Concept Introduction:
Basic Earnings per share:
Basic earnings per share is the amount of net income earned by each common share outstanding. The Earnings per share calculated by with help of following formula:
To Calculate:
The earnings per share.
The Earnings per share is calculated as follows:
| 20Y8 | |
| Net profit (A) | $ 900,0... |
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