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As a stockholder of bozo oil company, you receive its annual report. in the financial statements, the firm has reported assets of $9 million, liabilities of $5 million, after-tax earnings of $2 million,
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As a stockholder of bozo oil company, you receive its annual report. in the financial statements, the firm has reported assets of $9 million, liabilities of $5 million, after-tax earnings of $2 million, and 750,000 outstanding shares of common stock. (a) calculate the earnings per share of bozo oil's common stock.

User Damien Marchand
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Bozo Oil has after-tax earnings of $2 million, and 750,000 outstanding shares of common stock. Earnings per share is calculated by dividing $2 million by 750,000 shares ($2,000,000/750,000), yielding a result of $2.67 per share.
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