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If the Marifield Steel Fabrication Company earned $ 500 comma 000 in net income and paid a cash dividend of $ 300 comma 000 to its​ stockholders, what are the​ firm's earnings per share if the firm has
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If the Marifield Steel Fabrication Company earned $ 500 comma 000 in net income and paid a cash dividend of $ 300 comma 000 to its​ stockholders, what are the​ firm's earnings per share if the firm has 100 comma 000 shares of stock​ outstanding?

User Tiye
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1 Answer

1 vote

Answer:

$5

Step-by-step explanation:

Earnings per share is the total profit earned by a firm divided by the number of outstanding shares

Earnings per share = earnings / total outstanding shares

$500,000 / 100,000 = $5

User Dim
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