Makers Corp. had additions to retained earnings for the year just ended of $205000. The firm paid out $185000 in cash divends, and it has en

Question

Makers Corp. had additions to retained earnings for the year just ended of $205000. The firm paid out $185000 in cash divends, and it has ending total equity of $4.90 million. The company currently has 100,000 shares of common stock outstanding. What ante earnings per share

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Thanh Thu 19 hours 2021-07-22T04:22:01+00:00 1 Answers 0 views 0

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    2021-07-22T04:23:33+00:00

    Answer:

    3.9

    Step-by-step explanation:

    The retained earnings for the year is $205,000

    The firm paid out $185,000 in cash dividend

    It has total equity of$4.90 million

    100,000 common shares are outstanding

    Therefore the earnings per share van be calculated as follows

    = 205,000+185,000/100,000

    = 390,000/100,000

    = 3.9

    Hence the earnings per share is $3.9

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