Question

A company has a market value of $990 million, with 10 million shares outstanding. It achieved an ROE of 20%. What are earnings-per-share

Answer 1

More information is required

Step-by-step explanation:

A company has a market value of $990 million

The shares that are outstanding is $10 million

ROE is 20%

The first step is to calculate the net income

Net income = ROE × shareholder's equity

The shareholder equity value is not given in the question

Therefore it will be impossible to calculate the Earnings per share

Hence more information is required