Question

Libby bought 250 stocks of a company named xylet last year. xylet’s total earning for the year is $ 4million and it has 1,000,000 outstanding stocks. what is xylet’s earning per share (eps)?

Answer 1

4

Step-by-step explanation:

PLATO correct answer

Answer 2

Stocks = 250

Net income = $4,000,000

Outstanding Shares = $1,000,000

Earnings Per Share = ?

Formula: EPS = Net Income / Outstanding Shares

Solution: EPS = Net Income / Outstanding Shares

= $4,000,000 / $1,000,000

= 4

Answer: Earnings Per Share = 4