Question

Jewel, Tracy, and Sam are friends who jointly own 14 of AB PLC total outstanding shares. AB PLC has a total of 100,000 shares outstanding, and the current share price is $5. At the end of the year, the company's total earnings were $250,000. What is the total value of the shares held by the three friends?

Answer 1

100,000x5=500,000

500,000+250,000=750,000/100,000=7.5

5.0x14= $70

7.5x14= $105

They got $35

Answer 2

For everyone in the future who uses this answer site. The person at the bottom with the answer 125,000 is correct. Even though I could not thank you commenter I thank you through this!

Explanation: