Refer to the financial information for St. Petersburg Corporation.
REQUIRED:
Calculate the earnings per share for St. Petersburg for 2016 and 2015 assuming an average of 100,000 common shares were outstanding during 2016 and an average of 80,000 common shares were outstanding during 2015. Explain the change as it probably relates to the market value of the stock.

Question

Quizplus · Accepted Answer

The Answer of Refer to the financial information for St. Petersburg Corporation.
REQUIRED:
Calculate the earnings per share for St. Petersburg for 2016 and 2015 assuming an average of 100,000 common shares were outstanding during 2016 and an average of 80,000 common shares were outstanding during 2015. Explain the change as it probably relates to the market value of the stock.

Refer to the Financial Information for St