If abc company earned $280,000 in net income and paid cash dividends of $40,000, what are abc's earnings per share if it has 80,

Question

Georgia [21]

2 years ago

5

If abc company earned $280,000 in net income and paid cash dividends of $40,000, what are abc's earnings per share if it has 80,

000 shares outstanding?

Business

1 answer:

Nadya [2.5K] · Answer 1 · 2023-07-19T16:34:59+03:00

<span>To find earnings per share, simply divide the company's net income by the number of shares that are outstanding. In this case, the values are $280,000/80,000. This gives a value of $3.50 for the earnings per share outstanding. Dividends, in this case, are not necessary for the calculation.</span>