Register
If Raines Company earned $ 180 comma 000 in net income and paid cash dividends of $ 30 comma 000​, what are​ Raines's earnings per share if it has 70 comma 000 shares​ outstanding
112k views
5 votes
If Raines Company earned $ 180 comma 000 in net income and paid cash dividends of $ 30 comma 000​, what are​ Raines's earnings per share if it has 70 comma 000 shares​ outstanding

User David Figatner
by
4.4k points

1 Answer

4 votes

Answer:

$2.57 per share

Step-by-step explanation:

Earning per share (EPS) denotes the amount per share available for distribution among shareholders. The Company decides to distribute certain portion of income among shareholders depending on the availability of future profitable projects available with the Company. EPS is calculated as follows:

EPS = Net Income / Weighted average shares outstanding

EPS = 180,000 / 70,000

EPS = 2.57 / share

User Dieter Gribnitz
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.9m answers

Other Questions

Decker Tires' free cash flow was just FCF0 = $1.32. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC
For this question, assume that the expected rate of inflation is a function of the past year's inflation. Also, assume that the unemployment rate has been equal to the natural rate of unemployment for
Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Risa has to work long hours and sometimes weekends, losing out on family time. Risa doesn't find her long hours overly stressful, but rather she sees it as her contribution to maintaining her family's
Which of the following should be considered last when searching for financing? Family members Banks Commercial finance companies Credit cards I'm guessing it's C but idk
Link Copied!