Question

From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the earnings per share?

Answer 1

the earnings per share is $1.81 .

Step-by-step explanation:

Earnings per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding

Therefore,

Earnings per Share = $724,000,000 ÷ 400,000,000

= $1.81