Answer:
The EPS in a recession is $1.71.
Step-by-step explanation:
Earnings per share (EPS) = Earnings Attributable to holders of Common Stocks ÷ Weighted Average Number of Common Stocks
Earnings Attributable to holders of Common Stocks = ($84,900 - ($84,900 × 0.34)) × 80 %
= $44,827.20
Weighted Average Number of Common Stocks = 26,200 shares
Earnings per share (EPS) = $44,827.20 ÷ 26,200 shares
= $1.71