ABC Company has net income of $5 million.ABC's number of outstanding shares of stock is 3,870,000 shares.What is the company's earnings per share?
A) $1.29
B) $.77
C) $1.25
D) $.80

Name: ABC Company has net income of $5 million.ABC's number of outstanding shares of stock is 3,870,000 shares.What is the company's earnings per share? A) $1.29 B) $.77 C) $1.25 D) $.80
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EPS = Net income / Number of outstanding shares= $5,000,000 / 3,870,000 shares= $1.29 per share

ABC Company Has Net Income of $5 Million