Barker Creek Clothing has after-tax income of $6.4 million and its earnings per share are $0.20.How many shares of stock does it have outstanding?

Name: Barker Creek Clothing has after-tax income of $6.4 million and its earnings per share are $0.20.How many shares of stock does it have outstanding?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To find the number of shares outstanding, divide the after-tax income by the earnings per share: $6.4 million / $0.20 = 32 million shares.

Barker Creek Clothing Has After-Tax Income of $6